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

To: 2brasil who wrote (12758)	7/22/1998 12:45:00 PM
From: JGoren	Read Replies (3) \| Respond to of 152472

RESEARCH ALERT - Qualcomm <QCOM.O> raised to buy LOS ANGELES, July 22 (Reuters) - Hambrecht & Quist on Wednesday raised its rating on Qualcomm Inc. to buy from hold, and raised its earnings estimates. said the outlook for the company's CDMA handset, ASIC market and its infrastructure and Globalstar businesses is favorable. said that while the company's gross margins have been inconsistent in the past believes even modest but consistent improvements will boost earnings. raised fourth quarter earnings estimates to $0.41 a share on revenues of $935 million from $0.34 a share on sales of $787 million. Raised fiscal 1999 estimates to $2.44 a share on revenues of $4.12 billion from $2.20 a share on sales of $3.38 billion. said the stock could appreciate to $68 a share over the next six months. shares of Qualcomm were $5-7/16 higher at $63 in midday trading on Nasdaq. 12:25 07-22-98