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

To: FedWatcher who wrote (8941)	3/22/2001 3:01:08 PM
From: SKIP PAUL	Respond to of 197214

If you take the QCOM's 90 million handsets projection, throw in China, India, NXTL, IX rollout in Korea, US, Japan it will be much higher growth in 2002 than 20 to 25%. There are just too many variables for anyone to project. It is better to underpromise IMO.

To: FedWatcher who wrote (8941)	3/22/2001 3:20:35 PM
From: tradeyourstocks	Read Replies (1) \| Respond to of 197214

Some defense! With PE above 40 the growth of 20-25% does not look good... Lehman was probably talking about this year's growth rate which was the last guidance QCOM gave. If you look at the FY2001 estimates that have been in place for quite some time, you'll see where the 20-25% is coming from. Even though that's not the 50% we were all hoping for a year ago, it's not bad for a "transitional year". 3G as well as new markets will be the main drivers for accelerated growth. Until schedules become clear, I don't blame QCOM management for not guiding higher. OTOH, I would like to see management make an effort to be more precise in their comments. RS is usually right on, but IJ likes to mumble all over the place. MicroE