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

To: straight life who wrote (17605)	11/3/1998 5:00:00 PM
From: neverenough	Respond to of 152472

From Briefing.Com earlier today... QUALCOMM (QCOM) 58 1/2 +3/16: Stock reversing early morning losses amid anticipation of a decent earnings report... QCOM due to release Q4 earnings after the close... Street looking for gain of $0.50 v. year ago profit of $0.41... Recent history suggests that company will handily beat this number resulting in a pop in the stock price... In each of last 5 quarters QCOM has exceeded consensus forecast by an average of 16%... If company can live up to average, we're looking at a gain of $0.58... But given bullish mood on street anything above $0.54 should be good enough to keep stock headed north... Since bottoming on October 8th, stock up 55%... Better than expected earnings report should propel stock to resistance at 65 57/64 (July high)... Longer-term target 75 based on improving technical foundation and discounted valuations... QCOM trades at 23.1x estimated FY99 earnings of $2.53, with a PEG of 0.67. As long as company lives up to earnings promise, we expect stock to experience material multiple expansion.

To: straight life who wrote (17605)	11/3/1998 5:13:00 PM
From: Webster	Respond to of 152472

Thanks Taichi. Some real quick observations on some impressive operating results. First is gross margins on Comm System Revenues - 29% a significant increase - Exceeds expectations. Second, an increase of operating income. $85 million in Q4 versus $53 million in Q3 or $32 million more operating income on $50 million more revenue. (Q4 versus Q3). Very impressive. I was a little surprised that revenue didn't reach $1 billion,(it will be interesting to see the mix of comm system revenue), but delighted with operating income improvement and margins which sets up nice for FY99. Thanks Web.