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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (44007)	11/6/2001 5:52:48 PM
From: Sully-	Respond to of 65232

Me too - short that is................... 17:50 ET QUALCOMM (QCOM) 54.73 +1.65: -- Update -- Company says it expects shipments of 15-16 mln MSM phone chips in DecQ, up from 13 mln in SepQ. The DecQ estimate includes approximately 6-7 mln of the higher margin 1X MSM phone chips....on balance sheet, company has $2.6 bln in cash/inv with zero LT debt....stock at 50.47. 17:44 ET QUALCOMM (QCOM) 54.73 +1.65: -- Update -- On conference call, company stresses that the shortfall on EPS was entirely due to lower than expected interest on carrier loans. Company did not accrue interest on loans to Pegaso, an operator in Mexico, which is in discussions with a third party for a potential sale/merger....In general, Briefing.com views items below the operating income line as less important and not a part of the company's day-to-day business...stock at 50.42. 17:27 ET After Hours Indications : The late session tone is mixed. S&P futures at 1120, trade even with fair value while the Nasdaq 100 after hours indicator is lower by 7.8 points. 17:19 ET After Hours Movers : Prices vs 4 pm ET close... QCOM -3.33 has just reopened for trading and is getting hammered on earnings that missed the Street. Sector peers RFMD -0.88, TQNT -0.93 and OPWV -0.26 selling off in sympathy. 16:55 ET Qualcomm Reaction : Prices vs 4 pm ET close... QCOM has yet to trade in the late session after missing the consensus and warning for the upcoming quarter. Wireless related issues experiencing initial sell pressure include: RFMD -0.68, TQNT -0.84 and OPWV -0.20. 16:51 ET QUALCOMM (QCOM) 54.73 +1.65: -- Update -- Reports Q4 earnings of $0.23 per share, $0.02 worse than the consensus estimate; reports Q4 revenues of $682 million versus the consensus estimate of $694.7 mln; warns for Q1; expects earnings in the range of $0.21-$0.24 per share versus the current consensus estimate of $0.27 per share.