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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: gdichaz who wrote (8916)	3/22/2001 10:07:14 AM
From: Cooters	Read Replies (1) \| Respond to of 197452

Chaz, It was reported several times last night and again once this morning, so I would think it is not mis-quoted. I do think it is revenue growth. Margins in the chip side fell off last year, so the earnings potential there would be significant. Other than that, it just looks low. Cooters

To: gdichaz who wrote (8916)	3/22/2001 10:24:54 AM
From: Keith Feral	Read Replies (2) \| Respond to of 197452

His comments are precisely in line with current year estimates for revenue growth. QCOM estimates that chipset orders will grow from 60 million to 90 million with 20% decline in ASP's. That gives you EXACTLY 20% revenue growth. There is no misinterpretation. With QCOM's high margins, that should give very strong EPS growth going forward, roughly 35 to 40%. Next year from 2001 to 2002, QCOM seems to be indicating they are comfortable with 50% growth in chipset orders again with the typical 20% decline in ASP's. That implies 135 million chipset orders next year. Assuming stable margins, QCOM would be earning $1.82 in 2002 from $1.30 this year.