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

To: Keith Feral who wrote (21766)	1/21/1999 10:22:00 AM
From: Jeff Vayda	Respond to of 152472

Qualcomm Hits On Almost All Cylinders In Latest Quarter (by way of Phillips telecom) It was quite a first quarter of fiscal 1999 for Qualcomm Inc. [QCOM], starting with the generation of the highest quarterly revenues in the 13-year history of the company - $941.2 million. And the 1.6 million handsets that Qualcomm shipped in the three months ended Dec. 27 also qualified as a quarterly record for the company. These factors, along with fatter gross profit margins on its sales of handsets and integrated circuits, produced posted earnings of 65 cents per share for Qualcomm, up from 50 cents earned in its fiscal 1998 first quarter. Quarterly revenues improved from $785.6 million in the year-earlier period and from $925.7 million in the fourth quarter of fiscal 1998. Chairman and CEO Irwin Jacobs said Qualcomm managed to keep operating expenses of $865.3 million "essentially flat" with the preceding quarter. R&D spending increased to $100.4 million in the latest quarter from the prior year's $74.8 million, but Qualcomm's operating profit swelled to $77.9 million from $52.9 million. About the only area of apparent weakness in Qualcomm's latest quarter was infrastructure. Gross margins on sales of CDMA-based network equipment narrowed during the three-month period, the company said. However, Qualcomm may soon be in a position to reverse this trend: Jacobs said the company and U S West Wireless [UMG] recently began completing first calls over QCell base stations, Qualcomm's new line of compact transceiver units.

To: Keith Feral who wrote (21766)	1/21/1999 11:51:00 AM
From: bdog	Read Replies (1) \| Respond to of 152472

Who is Dorsey Wright and what's his rationale? Its doing its hovering thing now. We know what usually happens next. My two cents: Stand not under a falling knife.

To: Keith Feral who wrote (21766)	1/21/1999 8:16:00 PM
From: waverider	Read Replies (1) \| Respond to of 152472

Does the high 50's count? Excuse me, but I am so sick and tired of idiots like this guy who make recommendations based on these technical indicators. If the goof ball wanted to take some other perspective, the stock hit resistance and backed off...a bearish sign. Select your companies... Wait for an undervalued price (with the stock's behavior in mind as well... Be patient... Good things come to those who wait. No more QCOM for me until we hit the 40's again. <H>