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

To: dougjn who wrote (11177)	6/5/1998 12:51:00 PM
From: Gregg Powers	Respond to of 152472

Doug: Sorry to be snotty, I am a little blue-in-the-face from repeating myself. Qualcomm's earnings were impacted in Q2&Q3 because it got surprised by Korea, not because there was a structural lack of business (i.e. the company generated $750mm+ in revenue during Q2). By Q4, I expect that revenues and costs will again be back into alignment, presupposing only a modest contribution from the domestic Korean and Japanese markets. I cannot give you any guarantees, nor can I (or should I) tell you when (or how much) to invest. What I can say is that as the company's largest shareholder, I am very comfortable that Qualcomm will meet (or exceed) the Street's Q4 estimates barring anything other than a total Asian collapse. Best Regards, Gregg