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

To: JGoren who wrote (11378)	6/11/1998 2:34:00 PM
From: w molloy	Respond to of 152472

SAWS down 40% Ouch! This does look like a replay of QCOM's last excursion into the 40's. So what? Check out the following..... biz.yahoo.com Selected excerpts : Wednesday June 10, 4:12 pm Eastern Time Company Press Release Sawtek Announces Outlook for the Remainder Of Fiscal Year 1998: ORLANDO, Fla.--(BUSINESS WIRE)--June 10, 1998--Sawtek Inc. (Nasdaq:SAWS - news) announced its outlook for the balance of its fiscal year that ends on September 30, 1998. Steve Miller, Chairman and Chief Executive Officer, stated, ''I expect the Company to record strong financial results for the quarter ending June 30, 1998. However, external factors outside the control of the Company indicate that it will be difficult for the Company to post sequential growth in revenue and profits for the quarter ending September 30, 1998.'' The Company's customer diversity remains strong with our top four customers ranging from 12% to 20% of total revenue. We believe we have a dominate market share for GSM and CDMA base station filters and are a major supplier in the emerging CDMA handset filter market. The factors that are affecting the Company's outlook for the quarter ending September 30, 1998 include the continued financial turmoil in South Korea and other Asian markets; currency fluctuations that have resulted in a strong dollar particularly compared to the Japanese Yen which is affecting our ability to compete with Japanese suppliers of surface acoustic wave devices; reduced prices on GSM base station filters due to the conversion to next generation products which are smaller, less expensive surface mount filters; and lowered forecasts for CDMA filters for both base station and handset filters from several of the Company's major customers. ... the projected lower revenue will result in lower profits for the quarter ending September 30, 1998. w.