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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (13556)	9/10/2001 8:09:24 AM
From: Tom Hua	Read Replies (3) \| Respond to of 19633

Good morning Chr., that's amazing. QCOM is also up on an upgrade. Futures are pretty red, I am set to deploy my QQQ purchase this week. 07:57 ET QUALCOMM (QCOM) 49.18: CSFB upgrades to BUY from Hold based on firm's growing confidence in CDMA 1X as a driver for handset replacements, improving ASP's based on favorable mix-shift towards 1X and WCDMA, and pending catalysts as customers announce equipment upgrade cycles... Believes that QCOM's margin structure makes it a defensive play in the current environment of falling earnings expectations. 07:56 ET RF Micro Device (RFMD) 22.31: Wireless communications chip maker raises guidance for Q2; RFMD expects to post breakeven results on revenues of approx. $91 mln vs consensus of estimates of -$0.04 and $78 mln. Sees Q3 revenues exceeding Q2's $91 mln (consensus $89 mln). "We are seeing increased order activity and revenue growth from multiple customers and across all major air interface standards." Regards, Tom