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

To: Dealer who wrote (53051)6/14/2002 10:28:32 AM
From: Dealer  Read Replies (2) | Respond to of 65232
 
QCOM--Down 3.83--7:19AM Qualcomm cut to Mkt Perform at Deutsche -- writing on the wall (QCOM) 32.39: Deutsche Securities downgrades to MKT PERFORM following Sprint PCS release of dismal results. PCS announced that net subs would be approx. 300k vs consensus of 600-700k; capex was cut by $100 mln. Leads firm to lower estimates; FY02 goes to $0.85 from $0.87 and FY03 to $1.02 from $1.05.


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