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

To: ggamer who wrote (93439)	7/22/2010 11:50:53 AM
From: Jim Mullens	1 Recommendation Respond to of 196931

Ggamer, re: Q3 Original guidance- Again my questions, were they wrong for guiding lower? 2) Q3 estimates ……………………………….Consensus est…….Q est Revenue……….................…..$2.66B…………..$2.60B……under EPS…………….......................$0.55……………$0.53………under MSMs………………………………………………100M………higher than Q2 at 93M Devices………….. guidance no longer provided on a quarterly basis Device ASP…….. guidance no longer provided on a quarterly basis 3) FY10 ……………………Q est…….Consensus est…..Rev Q est Revenue………...$10.7…….10.77……………..$10.7..……unchanged but under >>>>>>>>>> Q3 results vs original guidance ………………………………..Q est………Actual Revenue……….................….$2.60B……$2,70B EPS……………......................$0.53……..$0.57 MSMs…………………………100M………103 >>>>>>>>>>>>>>>> As I stated in a follow-up post (see below)- IMO, BK was attempting to “reel-in” the analysts estimates. …+ “the casino mentality prevails and the miss(es)become the focus. “ …+ Not only does Q have to meet /beat their estimates, it also has to meet / beat the consensus. ...+ with the “casino mentality” of the markets - Managing guidance also becomes important in maintaining short term price stability. …+ Obviously, the “casino players” prevailed in spite of BK’s attempts to provide such stability. finance.yahoo.com …+ It now appears that after driving the share price down ~25%, the casino players have reversed course and are expecting to profit on the upswing. …+ Favorable to Q / us, BK was also able to take advantage of the volatility via share buy backs. >>>>>>> posted replying to gutboy>>>>>>>>> They did up their (FY) unit guidance and (FY) rev guidance and to them they did beat the street. Agree- Thanks for the post. However, the casino mentality prevails and the miss(es)become the focus. This is why I believe BK was attempting to reel in the analysts estimates last quarter---- trying to limit potential areas for a miss. But--- the volatility helps to get the wall street crowd back in the black.