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

To: Ruffian who wrote (12717)	7/21/1998 10:33:00 PM
From: Sawtooth	Respond to of 152472

Briefing's write-up for Wed, 7/22 (they must have a crystal ball <ggg>): Telecommunications Equipment Lucent (LU) due to report earnings prior to today's open... Consensus estimate calls for gain of $0.27, though whisper number in the $0.30-$0.32 range... Stock up sharply in advance of number... Barring a blow out number (above $0.32) stock likely to fall victim to sell-on-the fact reaction to its earnings. For more see Story Stocks... Separately, LU announced a 5-yr strategic agreement with SBC Communications' telephone subsidiaries valued at up to $2.4 bln. Qualcomm (QCOM) posted Q3 gain of $0.33, 6 to 7 cents above estimates... Revenues surged 68%... Just a plain old blow out number... Stock headed higher today. Nortel (NT) jumped 1 3/4 in response to earnings of $0.41, one cent above estimates.... Revenues rose 9.8%, while orders jumped 21%... Big task ahead is integrating Bay Networks (BAY).