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Technology Stocks : Triquint Semiconductor (TQNT) -- Ignore unavailable to you. Want to Upgrade?

To: Tom Lynch who wrote (389)	1/30/1998 7:04:00 AM
From: VoodooFL	Respond to of 995

Well that is the question, Did TQNT steal the latest designs? I can't beleive ANAD. I remember one or two quarters that someone asked the DEO about TQNT design wins and the CEO said that TQNT was working with the wrong group and that ANAD had worked with the right people and was confident they wouldn't loose that business. They beat estimates but a potential loss for next quater is the concern. Bob

To: Tom Lynch who wrote (389)	2/7/1998 12:11:00 PM
From: Richard H.	Respond to of 995

Tom, whats the tie in between TQNT and QCOM? What effect do you think this the QCOM announcement will have? Friday February 6, 12:39 pm Eastern Time Telecom equipment maker Qualcomm's stock slides NEW YORK, Feb 6 (Reuters) - The stock of wireless equipment maker Qualcomm Inc. (QCOM - news) skidded about 15 percent in early trading Friday as investors fled following the company's warning that second-quarter earnings will fall below first-quarter levels due to canceled orders from South Korea. The San Diego, Calif., manufacturer of digital wireless communications systems also said late Thursday that it would cut 700 temporary jobs. Qualcomm, the most active Nasdaq issue, was off $9 at $47.25 after an hour of trading. Analysts at Merrill Lynch and Cowen & Co. downgraded Qualcomm earlier Friday. They were not immediately available to provide details of the rating changes. Wall Street had expected Qualcomm's second-quarter results to match the first-quarter earnings of 50 cents per diluted share, according to First Call Corp., which monitors industry earnings forecasts. Qualcomm did not comment on how much it expected the second-quarter results to fall short of its first-quarter performance. In the second quarter a year ago, it posted profit of $16.7 million, or 23 cents a share, on revenue of $585.7 million. Qualcomm said two Korean manufacturers have partly canceled or postponed second-quarter orders of its Application Specific Integrated Circuits. Qualcomm also said a previously announced Korean order for 1,800 MHz Q phones will not be fulfilled. It said second-quarter sales of the Q phone will be lower than planned due to the loss of the Korean order, the delay in introducing its 800 MHz cellular Q phone and a recent reduction in demand for 1900 MHz PCS Q phones. However, it said demand for its QCP models remains strong. ''We are confident that, despite the current economic turmoil, the Asian markets including South Korea represent vibrant long-term opportunities for Qualcomm and CDMA,'' Qualcomm Chairman Irwin Jacobs said in a statement. CDMA, or code division multiple access, is a digital technology that aims to improve call quality and reduce the number of disconnected phone calls for digital cellular phone service. CDMA was developed and is licensed by Qualcomm. Korea is currently the largest market for CDMA technology, analysts said. While Qualcomm may take some time to regain earnings momentum, overall sales and the CDMA market will continue to see growth, Tim Luke, an analyst with Lehman Brothers, said in a research note. Luke said he maintained a long-term buy rating on the stock, saying Qualcomm's recent problems are only near-term issues. The company said the 700 temporary manufacturing job cutss will come this week. They were attributed to the change in mix between its Q phone, with its higher labor content, and the QCP portable phones, with their lower labor content, as well as to ongoing cost improvements and increased manufacturing efficiencies.