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To: 2MAR$ who wrote (86490)	4/24/2003 7:01:57 AM
From: 2MAR$	Respond to of 208838

Wall St seen weaker; Qualcomm higher after results Thursday April 24, 6:11 am ET LONDON, April 24 (Reuters) - Stocks on Wall Street are expected to edge lower on Thursday after recent gains, although Qualcomm (NasdaqNM:QCOM - News) gained in pre-market trade after its quarterly results impressed investors. ADVERTISEMENT Early indications were that New York trading would start slightly weaker. By 0945 GMT, S&P 500 futures signalled a 0.2 percent opening drop and the tech-laden Nasdaq 100 lost about 0.1 percent. "The futures indicate a lower start with profit takers and scalpers to the fore," said David Buik at Cantor Index. By 0920 GMT, Qualcomm shares rose to $33.6 via Instinet from a close of $32.98 on Wednesday after it posted higher quarterly net profit and raised its outlook. Qualcomm Inc., which sells mobile phone chips and licenses wireless technology, raised its full-year estimate for the second time based on strong demand for its advanced cell phone chips that allow users to surf the Web at high speeds. "Qualcomm reported solid quarterly results as expected; earnings per share and revenues were slightly above guidance and chipset units were in-line with its pre-announcement," said Smith Barney in a research note. The bank has an "in-line" rating and $35 target on the stock. Dealers said economic data scheduled for Thursday would be overshadowed by a further flood of corporate earnings, which have so far, in general, pleased the market and helped boost hopes for a recovery. Jobless claims for the latest week and U.S. durable goods orders for March are both due for release at 1230 GMT. "There is little doubt that the market seems underpinned at the moment and that investors seem to have quite a healthy appetite to own stock, despite dispiriting economic data, well illustrated yesterday by the content of the Beige Book," said Buik. Among big names reporting earnings on Thursday are Amazon.com (NasdaqNM:AMZN - News), Dow Chemical (NYSE:DOW - News), American Express (NYSE:AXP - News), Kellogg Co (NYSE:K - News), Marriott International (NYSE:MAR - News) and SBC Communications (NYSE:SBC - News). Other likely movers in Thursday's session include Veritas Software Corp. (NasdaqNM:VRTS - News) after it said quarterly profits fell from a year ago as customers delayed technology spending to counter a weak economy. Its shares fell to $19.65 in extended trading from a close of $20.28. Internet advertising provider Overture Services Inc (NasdaqNM:OVER - News) may also come under pressure after it posted a lower first-quarter profit and warned that full-year results would be below forecasts due to higher expenses and lower revenue. Its shares slumped to $12.37 in after-hours trade from a close of $16.48 on Wednesday.

To: 2MAR$ who wrote (86490)	4/24/2003 8:52:20 AM
From: SusieQ1065	Read Replies (1) \| Respond to of 208838

all you say is so true, M...and i watched my Island books all day yesterday....(BRCM is now way skewed to the Sell Side by the way, but still an underlying bid) well, i have to stop looking at VRTS... i was soooooo impressed by this wall of Resistance at $20.. check this out!...this is the weekly... stockcharts.com[l,a]waclyyay[pb50!b200][vc60][iUc20!La12,26,9]&pref=G but damned if they don't seem like they are trying to push it up through, even on that Tepid report last night..! ;-) gotta get ready for work, will catch up with you latah...;-)