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

To: mmeggs who wrote (17746)	11/4/1998 2:45:00 PM
From: limtex	Respond to of 152472

mm and all - There must have been huge selling pressure today. Look at the volume. This performance cannot possibly have anything to do with 'invetors' since the earnings are great and the Q is clearly reving up. Why should there be this volume of selling that is unrelated to the companys performance? Actually for a change I'm not upset about this at all because the fundamentals are just great. In two weeks Sprint opens in Houston and as I've always thought the US market is much bigger than the Finnish market and look at the NOKA volumes in Finland. Regards, L

To: mmeggs who wrote (17746)	11/4/1998 2:47:00 PM
From: SKIP PAUL	Read Replies (1) \| Respond to of 152472

Did Cabi change his recommendation also?

To: mmeggs who wrote (17746)	11/4/1998 2:49:00 PM
From: Wild Turkey	Read Replies (1) \| Respond to of 152472

Q beat est by $.16 from operations, maybe by $.20 depending upon the accounting of the Russian shipments. Would like to hear about or see the GS. Thanks

To: mmeggs who wrote (17746)	11/4/1998 2:59:00 PM
From: gdichaz	Read Replies (1) \| Respond to of 152472

Re future earnings. As a rule of thumb, isn't the actual base on which to project movement in per share earnings 66 cents per share (excluding the LEAP losses thru Sept 23) ? Isn't this closer to the "ongoing rate" than 54 cents ? How absurd is it to multiply .66 times 4 and project $2.64 as a rough estimate of what earnings would be for FY 99 if nothing improved at all (and of course no major bad events occur either) ? Recognize this is a huge simplification, but curious if it isn't more realistic to consider .66 the "real" result vs .54 ? Chaz