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

To: Dealer who wrote (53147)	6/21/2002 2:28:21 PM
From: Dealer	Read Replies (1) \| Respond to of 65232

Qualcomm Expects Strong 3rd Quarter Qualcomm Forecast Expects Improved Earnings in Third Quarter SAN DIEGO (AP) -- Qualcomm Inc. (NasdaqNM:QCOM - News) said Friday it expects to meet or beat the high end of its forecast for third-quarter profits, due to increasing demand for its wireless technology. ADVERTISEMENT Qualcomm had previously said it expected profits excluding items of 21 cents a share to 23 cents a share for the three months ending June 30. Wall Street had expected Qualcomm to report earnings of 22 cents a share in the third quarter, according to analysts surveyed by Thomson/First Call. The company will issue its earnings next month. Qualcomm also said it expects to meet or exceed its previous prediction of shipments of 16 million phone chip segments. Qualcomm also said orders are strong for the fourth quarter. In April, Qualcomm reported that earnings fell 60 percent to $43.9 million or 5 cents per share in the first three months of the year compared to the same period a year ago.