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

To: DWB who wrote (25661)	3/31/1999 2:05:00 PM
From: Labrador	Respond to of 152472

And we're now disappointed with up $3, too

To: DWB who wrote (25661)	3/31/1999 2:16:00 PM
From: Caxton Rhodes	Read Replies (2) \| Respond to of 152472

Daniel old bud, The question is, when does it stop, and what happens then? Answer to part one: It may begin to slow around 2010. Answer to part two: Who cares? Caxton

To: DWB who wrote (25661)	3/31/1999 2:51:00 PM
From: Webster	Respond to of 152472

Daniel, regarding when does the rise stop and what happens then? Ultimately all companies will have to answer to their own earnings estimate as well as their actual EPS performance and their ability to obtain future growth estimates. QCOM's significant upside growth in EPS as well as their track record continues to make this stock one of the best investments available to anyone. At some point in time analysts will begin to look at the quality of earnings as it relates to valuations. I believe qcom will be in great shape and could become one of the few companies who rise while the rest of the high flying internet stock begin devaluation to support their own earning trends. I think over the next month or so we new qcom business models will appear which show significant EPS growth which will provide the kind of valuations we always new would come. FWIT. Web.

To: DWB who wrote (25661)	4/1/1999 12:32:00 PM
From: DWB	Read Replies (3) \| Respond to of 152472

From the online version of the WSJ...Salomon Smith Barney ups its 12 month target to $170... NEW YORK (Dow Jones)--Shares of Qualcomm Inc. (QCOM) hit their fifth 52-week high in six trading days Thursday as analysts and investors continued to celebrate the deal the company made last week with L.M. Ericsson Telephone Co. (ERICY). Qualcomm, a maker of wireless phone equipment based in San Diego, last Friday settled a long and bitter patent dispute with Sweden's Ericsson, which also makes wireless phone gear. The settlement is expected to greatly advance the development of new wireless technologies. The deal also calls for Ericsson to buy Qualcomm's money-losing wireless network unit, which it had been openly trying to sell. The deal will raise Qualcomm's earnings, bring it a large and steady stream of royalties as new wireless technologies develop and make Qualcomm a sort of Internet play since its gear will be part of the next generation of wireless data gizmos, analysts said. Between the dispute with Ericsson and losses in the infrastructure unit, Qualcomm had been trading at a relatively modest multiple and is now undergoing a revaluation, analysts said. Salomon Smith Barney set a new 12-month price target of 170, replacing both the previous official target of 80 and a preliminary new target of 120. Analyst Alex Cena said he expects earnings estimates for 2000 to rise to $4.25 a share from $3.80 after the company reports earnings April 20. "Two months ago you had a lot of trapped value in Qualcomm," said Volpe Brown Whelan analyst Pete Peterson. "You've seen that value unlocked." He said the gains are taking place over a period of days because the stock has been controversial and tricky to trade in the past, so investors who have been sitting on the sidelines are filing back in thoughtfully, not in a stampede. Qualcomm officials did not respond to a request for comment. Earlier, shares hit a new 52-week high of 133 11/16, shooting past Wednesday's high of 125 3/4. Recently shares were up 7 3/8, or 5.9%, to 131 3/4 as Nasdaq volume neared the daily average of 2.3 million.