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To: stockman_scott who wrote (54641)	8/22/2002 12:04:49 PM
From: Dealer	Read Replies (1) \| Respond to of 65232

QCOM--RESEARCH ALERT-Morgan Stanley raises estimate on Qualcomm NEW YORK, Aug 22 (Reuters) - Morgan Stanley Dean Witter on Thursday said it slightly raised its fiscal 2002 earnings estimate on wireless technology firm Qualcomm Inc. (NasdaqNM:QCOM - News) to 94 cents a share from 93 cents a share due to a more optimistic outlook for cell phone replacement demand. The brokerage firm also repeated its fiscal 2003 estimate for Qualcomm of $1.20 a share. "After meeting with Korean carriers and handset suppliers, we believe that current conditions are solid, new opportunities abound and Korean CDMA (Code Division Multiple Access) carriers are in a strong financial position," analyst Louis Gerhardy said in a research note. Qualcomm owns most of the relevant patents to CDMA, the second-most widely-used wireless technology in the world. Shares of Qualcomm rose $1.07 or 3.7 percent to $30.30 on Nasdaq in morning trade.