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

To: SKIP PAUL who wrote (15721)	9/29/1998 4:15:00 PM
From: dougjn	Read Replies (1) \| Respond to of 152472

I think that earnings estimates for all of 1999 will be coming down strongly, overall. In the S&P for example. Analysts will hear lots of caution in the 3rd Q CC's, overall. Agree strongly that stock picking will do better than indexing from here on out. For a year or two, anyway. Doug

To: SKIP PAUL who wrote (15721)	9/29/1998 4:29:00 PM
From: Webster	Read Replies (3) \| Respond to of 152472

Skip Paul, I agree. QCOM should easily exceed $.50 for Q4. We should see significant improvement in Infrastructure division. Hand set revenues should also see a nice increase due to improved production yield and Q-phone mix. Margins from comm systems revenues should cover all of Q's operating expenses. I think they are setting up for a very good fy99. I believe Q will finally begin to develop some earnings momentum and confidence which will be refreshing in this market. FWIW. Web.