Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: benhorseman who wrote (50854)	3/8/2006 10:52:26 AM
From: Jim Mullens	Read Replies (1) \| Respond to of 197154

Ben, Re: QCOM EPS revisions- another take from TSC- TSC article Analysts Actions re QCOM Quite a discrepancy in the new FY06 EPS targets ( $1.33, $1.34, $1.61) , given the increased 2nd qtr guidance by the Q (and the unchanged FY guidance at $1.43- $1.47). Wonder if MS and UBS are using GAAP, subtracting the ESO expense? If so, It sure makes comparison amongst the analysts apples and oranges and in effect lowers consensus estimates (First Call, etc) making target projections using such less meaningful. Also, consensus EPS comparisons among various companies are thus suspect, depending on the mix of analysts and their respective methodology (GAAP vs proforma EPS estimating). Q FY06 Guidance Proforma $1.43 -$1.47 GAAP $1.19- $1.23 Snip>>>> Qualcomm target, estimates raised at Jefferies: Jefferies said it was raising FY 2006 EPS estimates on QCOM from $1.37 to $1.61 and the target by $4 to $54 on raised sales and EPS guidance. Maintained Buy rating. Qualcomm estimates raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on QCOM for 2006 to $1.34 a share from $1.31 a share. Maintained Equalweight rating. Qualcomm outlook raised at UBS: UBS said it is raising its 2006 EPS estimates on QCOM by 6 cents to $1.33 after positive guidance. Raised target price to $51 from $49. Analysts' Actions: A Daily Roundup of Street Research By TSC Staff 3/8/2006 9:52 AM EST URL: thestreet.com