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

To: slacker711 who wrote (118729)	5/13/2002 11:43:43 AM
From: Cooters	Read Replies (1) \| Respond to of 152472

I've been burned by being optimistic before....but here is my thinking. Very good outline of the potential upside surprises lurking around the globe. I share your gut feeling about the optimism. Burnt too many times to believe anything good until it happens. It is nice to see some of these potential surprises in the here and now instead of somewhere over the rainbow. Cooters

To: slacker711 who wrote (118729)	5/13/2002 12:24:47 PM
From: David E. Taylor	Read Replies (1) \| Respond to of 152472

slacker: I've run that 15-16 million chipset shipment estimate through my model using the $35 for 1x and $11 for 95A chipsets ASP's that I came up with after some careful analysis of the last 6 quarters of QCT results. For QCT, the increased volume and ASP from 1x for Q3 will add about $0.01 to the EPS over Q2. Anything else has to come from QTL handset royalties and amortized licensing fee base income. I'm not saying that won't happen, but to get the additional $0.02 (up to a high side EPS of $0.23), QTL needs to add 28 million (at 90% GM and 35% tax rate) over Q2, for total QTL revenues of $222 million. I wouldn't count on much more than that. David T.