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To: Box-By-The-Riviera™ who wrote (20099)	6/21/2002 8:54:17 AM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

Qualcomm to Meet, Beat Earnings Forecast Reuters Finance News Jun 21 8:35am ET SAN DIEGO, Calif. (Reuters) - Wireless technology company Qualcomm Inc. said on Friday it expects to meet or exceed the high end of its estimated range for earnings in the current quarter, driven by increasing demand for its advanced wireless products. Previously, San Diego, California-based Qualcomm said it expected earnings per share for the fiscal third quarter ending June 30 of 21 cents to 23 cents, excluding its Qualcomm Strategic Initiatives business. Wall Street analysts had on average been expecting 22 cents per share, according to Thomson First Call. Shares of Qualcomm rose nearly 8 percent in premarket trading on Friday following the news. The stock closed at $26.33 in Thursday Nasdaq trading. Qualcomm owns most of the relevant patents to Code Division Multiple Access (CDMA), the dominant wireless technology standard used in the United States and the second most commonly used technology in the world. The company attributed its strong outlook to increasing demand for CDMA products across all major regions. It said it was particularly helped by the rapid worldwide growth of CDMA2000 1X, BREW applications and gpsOne position location capabilities. CDMA2000 1X is Qualcomm's advanced technology that gives users access to high-speed wireless Internet connections via cell phones and other mobile devices. BREW or Binary Runtime Environment for Wireless is Qualcomm's technology for downloading applications. Qualcomm said it expects to meet or exceed the high end of its previous forecast for 15 million to 16 million phone chip shipments in the quarter. The company also said it is seeing strong orders for its fourth fiscal quarter, ending Sept. 29.