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

To: DaveMG who wrote (21472)	1/17/1999 5:26:00 PM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

Another wacko weekend O.T. post - Man goes berserk on (in air) 747. He was from Hong Kong. Is Hong Kong now primarily CDMA wireless or non-CDMA wireless ? January 17, 1999 Man Breaks Window on British Plane Filed at 8:00 a.m. EST By The Associated Press LONDON (AP) -- A man ran through a British Airways Boeing 747 and broke an inside window before crew and passengers overpowered him, the airline said Sunday after the man was returned to London and arrested. British Airways said the incident, on a Thursday flight from London to Thailand, had shaken the passengers but there had been no danger to the aircraft. The pilot had diverted to India ''for the safety of the aircraft,'' and turned the 29-year-old man over to the Indian authorities at New Delhi airport, the airline said. The man, a resident of Hong Kong, was held under police guard until airline security officers picked him up and brought him back to London on Sunday. The scuffle began seven hours into the 12-hour flight of BA009, which left London's Heathrow Airport for Bangkok with 395 passengers -- five short of capacity. The airline said cabin staff noticed that the man, who was drinking heavily, was annoying passengers around him. A woman sitting next to him tried to ignore him by putting on a headset. The man ripped the earphones from her and bit the headset in half. Cabin crew found the woman shaking and in tears, and warned the man, but he jumped up and attacked a passenger near him before racing down to the rear of the aircraft, the airline said. There he attempted to punch out the window of the door, striking it so hard that he broke the inner protective panel and cut his hand badly. The flight officer left the cockpit and helped three cabin crew and three passengers overpower the man, who was handcuffed and restrained by seat belts in the rear of the jet, the airline spokesman said. Copyright 1999 The New York Times Company

To: DaveMG who wrote (21472)	1/17/1999 5:32:00 PM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

Re : And I can't believe we would get anywhere near the 6$/share in stock price appreciation that breakeven would represent. Don't you mean share price change caused by earnings being $6 better ? (Which would mean up $120, for example, at a PE ratio of 20). Jon.

To: DaveMG who wrote (21472)	1/17/1999 6:05:00 PM
From: Clarksterh	Respond to of 152472

DMG - Inre losses of $100M/Q - Is this really possible? IMO this has to be an exaggeration. I agree. I think somebody is confusing the extra revenues needed each quarter to assure breakeven with one-for-one losses for every dollar they are short of breakeven. I base this on the following two excerpts from the article: Qualcomm has been trawling for potential partners to help its ailing infrastructure division, which by some estimates has been bleeding $100 million a quarter. and later in the same article: The troubled division needs to make about $200 million to break even for the quarter ended Dec. 31, said Michael Ching, analyst with Merrill Lynch Global Securities. However, Ching estimated that the division will make just $102 million for the quarter. Thus they are short of breakeven by $98M per quarter of revenues. I doubt in the extreme that every dollar of that goes to the bottom line. If you assume net margins of 20% that implies a loss every quarter of only $20M. This is still annoying but it is in nowhere near the same league as a loss of $100M per quarter. One thing this whole Qualcomm experience has taught me is not only is the press subject to bias (of which I have always been aware), they are often just inept. Clark