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

To: DaveMG who wrote (21670)	1/20/1999 11:21:00 AM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

Re : Looks like I was early on breakout.. oh well ... Now it has been at least 30 seconds since you wrote that, and our favorite stock is rebounding very rapidly. This is really nuts. Jon.

To: DaveMG who wrote (21670)	1/20/1999 12:18:00 PM
From: Clarksterh	Read Replies (3) \| Respond to of 152472

DMG - Apparently higher volumes at lower prices resulted in flat roy rates Well, to be blunt I don't care whether the revenue is, for example, flat because they are selling 10x as many units at 1/10th the price or whether they are selling 1/3rd as many units at 3x the price. The result is what matters and 20% license growth (which is admittedly a guess) is not too good given the very large subscriber growth etc (remember Nokia did 90% handset revenue growth.). I am not trying to slam Qualcomm management since they are indeed getting bit by both the 3g debate and slowed growth in developing companies, but the growth is anemic enough that we shouldn't be too optimistic about near term price appreciation (e.g. 20% growth at '99 ERS of 3.00 is $60.00). And although I am not slamming management, I do think that they have some work to do to get Qualcomm back on track. Clark

To: DaveMG who wrote (21670)	1/20/1999 1:02:00 PM
From: Dave	Read Replies (2) \| Respond to of 152472

All: biz.yahoo.com Qualcomm's operating income increased almost 40% Y2Y, while revenues increased a little more than 20%. That isn't too bad. However, when you take out the one time gain from the sale of investments of 5663M, I calculated that Qualcomm made .58 per diluted share. Weren't estimates for .59? dave DaveMG: I agree with your assessment for VOD/ATI, however, I think that the Q will see increased royalties b/c I would anticipate that Bell Atlantic will start building out their CDMA network westward. dave