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

To: tripperd2 who wrote (56454)	10/30/2006 5:14:54 PM
From: slacker711	Respond to of 196808

I have to confess I am a bit more nervous than usual. I'm always nervous going into Q's earnings reports <g>.... That being said, I believe that expectations have been lowered substantially going into this report. My SWAG is that an in-line report and guidance would be relatively well received by the market. As I said in the previous post, the datapoints from the CDMA camp have been almost uniformly positive (though no blowouts). I see some risk to CDMA ASP's as India drove a substantial portion of the growth but overall I would think that the market should have been a bit better than Q's expectations at the end of July. The WCDMA results were much more mixed but it looks like they were up sequentially. We arent going to hit the 110 million unit number that some companies were talking about in the spring, but Q kept their target at 100 million units and that should definitely be achievable. I also think that September and December quarter WCDMA chipset shipments should be a source of strength for QCT. No earnings guesses from me, but if they miss by much, I am going to want a very good explanation. There was zero reason to be aggressive with their estimates in July (the stock was going to take a hit anyway since they missed analyst expectations). Slacker