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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Keith Feral who wrote (97507)	4/16/2001 12:14:05 PM
From: JohnG	Respond to of 152472

Isld Buy/sell=232/146=1.59. Also the volume is a very low 4.6 MM shares with a meaningless (due to low volume) down $2.43 price change. I like the feel of this but it is still a long way from the 50 day moving average which is $61.69.

To: Keith Feral who wrote (97507)	4/16/2001 3:52:13 PM
From: S100	Read Replies (1) \| Respond to of 152472

Outlook at Qualcomm is optimistic By Don Bauder April 15, 2001 Handset vendors in the mobile phone business face a slower market, says Michael E. Ching of Merrill Lynch, but "Qualcomm is less affected by the transition." That's because Qualcomm "has no manufacturing operations, having sold its handsets and wireless infrastructure business over the past three years," the analyst says. Qualcomm primarily sells its intellectual property through chipsets (45 percent of sales) and technology licensing and royalty agreements (26 percent). The company is the leading supplier of CDMA, or code division multiple access, semiconductors, although it will spin off the business later this year, Ching says. Qualcomm estimates that 90 million CDMA phones will be sold this year, though Ching thinks 82 million will be more like it. Qualcomm will be insulated from problems in Europe's non-CDMA market, but overall, "CDMA handset expectations for 2001 are optimistic," he says. Ching looks for the company to earn $1.25 a share in 2001, up from $1.05, and he thinks the valuation of Qualcomm is $60 per share. He is neutral on the stock for the intermediate term, but thinks it is a long-term buy. uniontrib.com