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


To: gdichaz who wrote (20901)1/6/1999 8:02:00 PM
From: straight life  Read Replies (1) | Respond to of 152472
 
QUALCOMM Incorporated (Nasdaq: QCOM)
- First Quarter Earnings Release and Conference Call Information -

Earnings Release
QUALCOMM Incorporated will release its first quarter results on Tuesday,
January 19, 1999 at approximately 1:30 p.m. (PST). After the release has been
issued, QUALCOMM's Investor Relations representatives will not be available to
return phone calls until the conclusion of the conference call at
approximately 4:00 p.m. (PST).

Conference Call
QUALCOMM Chairman and CEO, Dr. Irwin Jacobs, will host a conference call
on Tuesday, January 19, 1999 from 2:30 p.m. to 3:30 p.m. (PST). To
participate in the call, please dial (800) 280-1337 ten minutes prior to the
start time. International callers please dial (913) 338-1337.

Rebroadcast
The conference call will be available for rebroadcast on Tuesday, January
19, 1999 beginning at approximately 4:30 p.m. (PST). The rebroadcast will air
for two business days. To hear the rebroadcast, domestic participants please
dial (800) 207-7077. International callers please dial (913) 385-6633. Both
domestic and international participants should use PIN number 4003.

Questions will be taken from members of the investment community. Members
of the media may join in listen-only mode.

Faxed copies of the press release, as well as historical releases and
financial documents, will be available on QUALCOMM's fax-on-demand service.
To access this service, please call (619) 658-4813 or visit the Company's
website at (http://www.qualcomm.com).

SOURCE QUALCOMM Incorporated
-0- 01/06/99
/PRNewswire -- Jan. 6/
/Web site: qualcomm.com
(QCOM)



To: gdichaz who wrote (20901)1/6/1999 9:21:00 PM
From: Jon Koplik  Read Replies (1) | Respond to of 152472
 
To all newcomers and old timers - "Eyes glaze over."

Someone sent me yet another "post-mortem" on the "blow-up" of Long Term Capital Management. (This one was from The New York Times, 11/14/98).

One memorable detail in the (long) article was the following (regarding Robert Merton, Nobel prize winning economist, and partner at LTCM) :

Mr. Merton, who built cars and drag-raced in his youth, spends his spare time playing poker -- so seriously, says a colleague, that he tries to throw off his opponents by looking into a light bulb to constrict his pupils before playing his cards. Good players are said to be able to determine by the dilation of their opponents' eyes whether their cards are a blessing or a curse.

This is something I will probably never forget.

Then, I was thinking -- did I ever see something that made my eyes do the "Hey, four aces" thing ?

One time was the first time I looked up information on Qualcomm (after a friend (who is probably reading this) told me some rudimentary facts about the company; and I promised I would look into it, and then get back to him).

I did my usual search at Hoover's Online :

hoovers.com

They described Qualcomm as : the developer and owner of technology for an emerging worldwide standard for digital wireless telephony (or, something like that). (Hoovers' "company capsules" are edited over time, so the QCOM capsule probably says something slightly different now).

Then I saw the revenue growth over the past years.

My eyes definitely did that "four aces" thing.

Well, that was about 18 months ago. Qualcomm has continued to grow amazingly fast.

(In fact, I once used Hoovers' "Stock Screener" website stockscreener.com to confirm that NO publicly traded corporation in the U.S. has sales in the billions of dollars and super fast revenue growth except for Qualcomm (and a few companies that have done a lot of mergers (and increased their number of shares outstanding real fast))).

Anyway ... still waiting for (most of) the rest of the world to figure out that Qualcomm stock is cheap at 1 times sales.

Jon.