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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Bruce R. Schlake who wrote (6644)	12/20/1997 10:05:00 PM
From: Brian Lempel	Read Replies (2) \| Respond to of 152472

Just finished reading an interesting report from Merril regarding wireless companies. I was originally doing some research into CELL, but saw QCOM mentioned. (dated 12/17/97) They expect this quarter to be on track. Surprisingly, they saw the weakness coming from the Communications segment, while ASIC sales and royalties would be fine, despite a weak Korea (this was specifically mentioned as a non-factor). They anticipate lower gross margins associated with the Communications segment, which includes handsets. I was under the assumption that this segment would show the strongest growth in margins due to issues associated with the quick ramp being resolved. Anyone want to comment? I wonder about the credibility of this report. Brian