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

To: John Hayman who wrote (101548)	7/11/2001 11:41:55 AM
From: JGoren	Respond to of 152472

curve on nasdaq and dow look the same blip down

To: John Hayman who wrote (101548)	7/11/2001 12:11:18 PM
From: Kayaker	Read Replies (1) \| Respond to of 152472

What happened to the Q's stock price the last 10 mins? Percent wise we are lower than NOk......weird action today folks. Anyone know of anything besides the economy is crashing and burning? Analyst Actions Goldman Whacks Telecom Sector With Downgrades By Dan Bernstein Staff Reporter 7/11/01 11:08 AM ET Message 16059282

To: John Hayman who wrote (101548)	7/11/2001 12:16:56 PM
From: Dennis Roth	Read Replies (4) \| Respond to of 152472

>> anything besides the economy is crashing and burning? << Dunno, but Advanced Communications Technologies Inc, the Qualcomm killer, is pumping out press releases again today. siliconinvestor.com Also it could be fear of what MOT will say about about earnings tonight and Telecommunications software maker Comverse Technology Inc warned tscquote.thestreet.com

To: John Hayman who wrote (101548)	7/11/2001 2:15:44 PM
From: quidditch	Respond to of 152472

john, CMVT may be what the traders are looking at: <snip> Dain Rauscher Wessels analyst Michael Brown said the potential exists for further reductions in the company's forecast. Comverse's fortunes, he said in a research note, are tied to expectations for subscriber growth in wireless services -- a market that's seen a slowdown with expectations for a further deceleration. For the rest of the year, Comverse revised its top-line outlook to sales of $345 million for the July quarter, followed by sales of $330 million to $340 million for both the third and fourth quarters. Accordingly, Comverse scaled back its per-share profit outlook to 20 cents for the third quarter and 23 cents for the fourth quarter. Analysts had, on average, been anticipating profits of 45 cents and 48 cents, respectively, according to First Call. This implies full-year earnings of $1.14 a share, down from the $1.47 a share that Comverse earned before one-time items in the prior fiscal year. For the year ending Jan. 31, 2003, the company set an earnings target of $1.37 a share. However, the company expects to tally continued year-over-year sales growth. From last year's nearly $1.23 billion, Comverse pegged revenue of $1.38 billion for the current year, rising to $1.53 billion next year. On the operational end of things, Comverse said it anticipates customers will make lower advanced payments in line with "generally longer" negotiated terms on transactions. Moreover, the company foresees a significant reduction in order backlogs for the current quarter, along with higher days sales outstanding. quid