Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Anthony who wrote (17994)	11/9/1998 8:21:00 AM
From: SKIP PAUL	Read Replies (3) \| Respond to of 152472

ADVISORY/Microsoft and QUALCOMM Announce News Conference Business Wire - November 09, 1998 07:19 ADVISORY...for Tuesday (Nov. 10) --(BUSINESS WIRE)-- Microsoft Corp. (Nasdaq:MSFT) and QUALCOMM Inc. (Nasdaq:QCOM) are pleased to announce an unprecedented news conference event on Nov. 10, which will greatly impact the convergence of wireless communications and information technology. Hosted by Microsoft on its Redmond campus, key high-level executives of both companies, along with an aligned group of strategic partners, will unveil plans for ubiquitous wireless data access. Microsoft and QUALCOMM News Conference Agenda Date: Tuesday, Nov. 10, 1998 Location: Microsoft Corporation Building 43, Shasta and Jefferson Conference Rooms 15580 NE 31st Street, Redmond, WA 98052 Time: 12:00 p.m. Reception/Lunch 1:15 p.m. QUALCOMM and Microsoft executive presentations 2:00 p.m. Technical presentations and demonstrations 2:30 p.m. Media/Analysts General Q & A session 3:00 p.m. Strategic partner panel discussion 3:30 p.m. Individual press interviews and demonstrations 3:30 p.m. Hors d'oeuvres and beverages Press and analysts are cordially invited to witness the unveiling of an industry milestone. Please RSVP to: Contact Joanne Coleman, QUALCOMM Inc., (619) 890-3040 mobile Daniel McKean, The Benjamin Group Inc., (408) 559-6090 To ensure that all interested press and analysts are able to participate, a separate satellite broadcast and teleconference call have been coordinated. Details are as follows: Satellite Tuning Coordinates Contact Daniel McKean, c/o The Benjamin Group, (408) 559-6090 Teleconference Number (800) 280-1337 Password: Microsoft-Qualcomm. Call lines will be live at 1 p.m. Conference starts promptly at 1:15 PST. This will be a one-way teleconference. Playback number available for 48 hours after the call: (800) 207-7077; pass code: 4090. Questions can be directed via email to: tmw@wirelessknowledge.com with responses returned within 24 hours. Broadcast Support & B-Roll Contact Daniel McKean, c/o The Benjamin Group, (408) 559-6090 CONTACT: QUALCOMM Inc. Joanne Coleman, 619/890-3040 (mobile) or The Benjamin Group Inc. Daniel McKean, 408/559-6090 Headlines Next Story

To: Anthony who wrote (17994)	11/9/1998 8:59:00 AM
From: gdichaz	Read Replies (1) \| Respond to of 152472

To Anthony: Actually, as I have tried to say elsewhere, my primary point was to take the 66 cents as the most realistic base from which to project future earnings per share. That of course is dangerous and potentially misleading. Nevertheless I thought that it does bring a degree of realism into the numbers. The number for the Sept "98 quarter that was being used in reporting missed the point that this was not the "ongoing number", i.e. the earnings which exclude a negative adjustment for the LEAP spinoff. Therefore any estimate for the Dec '98 quarter or the FY99 through Sept "99, needs to start from 66 cents as the base if all remained equal - which of course it will not. :-) It just seemed to me that the Q has had very erratic earnings to date due to many many factors have made the "history" a difficult and IMO useless "base" for forward projections. And among other things, it seemed to me that at long last the Q was entering a phase where earnings were likely to be a bit smoother than in the past. Hence my "rule of thumb" attempt to suggest 4 times 66 cents or $2.64 as a ballpark estimate for the 12 months forward - the fiscal year 99 - thru Sept "99. The joke is that no sooner did I try this approach than the Microsoft / Q joint venture reared its head, making and "smoothness" moot. Fun. We now have Gregg's estimate of a range from $2.50 to $2.70 which he explains carefully and clearly is reasonable as a conservative estimate which the company itself did not disagree with. Therefore to me that is the most useful base from which to work right now. Yes I think personally it is quite conservative, but especially since we now have the joint venture in the picture, that in itself will make ongoing projections very very difficult. As for me, I will wait and see. And, of course, hold - as has been, is, and will be my approach - unless and until I see a major deterioration in the Q's fundamentals. Chaz