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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Claude Edelson who wrote (1339)	2/5/1998 9:14:00 PM
From: Capitalist	Read Replies (2) \| Respond to of 21876

QUALCOMM Inc (QCOM) 56 3/8 -9/16: telecommunications equipment maker says two Korean manufacturers have cancelled 2nd qtr circuit orders. Company goes on to say that it expects phone orders to be weaker than expected due to delays. Currently, analysts are looking for 2nd qtr earnings of $0.50 a share vs the $0.23 a share earned in the yr-ago period... ---------------------------------------------------------------------- I'm worried because this news will rekindle Asia fears. Possibly, the market will react with a sharp sell-off at first, but hopefully things calm down by the afternoon. Last time I checked QCOM was down 8+ points in after hours at 5 p.m. est. This will likely hurt LU tomorrow at first, but it's nok.a, ericy, cellstar, and mot shareholders that should worry. IMO, most of LU's business is in the U.S., I believe 80% or so (correct)? Also, I believe they make the Cell Phone Networks rather then phones themselves. So it should not be directly effected by the QCOM news IMO. I guess we'll have to wait and see. Regards, Serry Habash