To: Boplicity who wrote (27720 ) 4/20/1999 8:21:00 PM From: MileHigh Respond to
From briefing.comThe big winner after the close today was QUALCOMM (QCOM), which blew away estimates by 23 cents on 23% revenue growth. QCOM traded up 14 3/8 in after hours trading to 155. Other winners were: Prodigy (PRGY), Siebel Systems (SEBL), and Broadcom (BRCM) -- BRCM traded up 4 1/8 to 68 1/2 in after hours. Most techs were in the beat-by-a-cent-or-two realm which, given the tendency of analysts to underestimate (hence the need for the whisper number), counts as an in-line report. In this group were Lattice Semi (LSCC), Sportsline USA (SPLN), Xoom.com (XMCM), Aware (AWRE), and Peoplesoft (PSFT). The disappointments were Advanced Fiber (AFCI) and RealNetworks (RNWK), which were in line with expectations (though RNWK cushioned the blow with a 2-1 split). HMT Technology (HMTT) showed that the problems in the computer storage sector linger -- it missed estimates by 16 cents. It is tough to pull any themes out of this batch of reports, aside from the observation that all of the major tech reports this season have been uninspiring. Internet stocks, which have been on a rollercoaster ride of late, have not seen any consistent themes in their reports -- there were some notable disappointments from XCIT, SEEK, and ONSL last week, but today's reports from SPLN, XMCM, and RNWK were near expectations. The sector's longer term fate will probably not be determined until next week's reports from AOL and AMZN. One quick non-tech note: Amgen (AMGN) traded 5 1/2 points lower to 63 1/2 despite beating estimates by two cents.
