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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: 100cfm who wrote (48370)	11/3/2005 7:01:51 AM
From: kech	Read Replies (2) \| Respond to of 196492

If you are looking at the table I sent I am pretty sure it is an upgrade with previous rating in parentheses.

To: 100cfm who wrote (48370)	11/3/2005 8:36:27 AM
From: Jim Mullens	Read Replies (3) \| Respond to of 196492

100cfm, Re: FY06 Guidance and “. it's great to spend on R&D but when do the revenues kick in. If R&D spending continues to outpace revenue growth I have to wonder about the worthiness of the projects they are working on.” <<<<<<<<< I was also surprised to hear early on and several mentions later of continuing “aggressive” R&D increases. Indications late last FY from my recall were R&D “leveling-off”. The Q is deeply involved in many leading-edge / world changing technologies and must feel compelled “not to drop the ball” at this time (‘Opportunity Calls”). Some of these are on the cusp of commercialization - HSDPA, DorA, OFDM, FLO, Iridigm Displays (MEMS) , and maintaining leadership in these areas is of prime importance. I believe Bill Keitel stated R&D + SG&A will increase 22% , in line or slightly below the increase in EPS guidance. With the Q’s CY WCDMA handset guidance at 86M vs some industry analysts/ consultants forecasting 100M and more, hopefully there is a good chance that EPS guidance will increase as we move thru the year.