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

To: Gregg Powers who wrote (27918)	4/21/1999 1:11:00 PM
From: Ruffian	Respond to of 152472

Qualcomm "Runs With The Bulls"> Qualcomm runs with the bulls on Wall Street By Bloomberg News Special to CNET News.com April 21, 1999, 9:10 a.m. PT Qualcomm shares surged as much as 27 percent after the cellular phone maker's fiscal second quarter profit beat expectations, and analysts said they will raise earnings estimates for the next two years. Qualcomm rose 38.875 to 179.5 in afternoon trading, after touching a record 185. The shares have more than tripled this year, pushing the company's market value to $12.9 billion. Profit for the quarter ended March 28 more than tripled on soaring demand for Qualcomm's phones and the semiconductors that run them. The company said earnings will rise further as more cellular operators worldwide adopt its technology and after it sheds its unprofitable network-equipment business. "This should mark a significant change in investor sentiment," said Pete Peterson, an analyst at Volpe Brown Whelan, who rates Qualcomm "buy." "We should see upward revisions in earnings expectations and stock price." Do you want to know more? Read related news View story in The Big Picture Go to Message Boards Search News.com The company earned $1.20 a share, excluding the network business, which it agreed last month to sell to Swedish rival Ericsson. Qualcomm forecast earnings in future quarters to match or beat that. Qualcomm is currently expected to earn 71 cents a share in the fiscal third quarter, $2.75 for fiscal 1999 and $3.76 for fiscal 2000, according to First Call. Those estimates include the network business. Qualcomm said it's experiencing strong demand in North America and South Korea and rising demand in Latin America, especially Brazil. Demand also is rising in Japan. The company also expects two cellular providers in China, the largest potential market, to announce plans to use Qualcomm technology in their networks. As part of last month's agreement, Qualcomm and Ericsson, the world's No. 3 cell-phone maker, settled a patent dispute and Ericsson agreed to support Qualcomm's technology. Analysts said the agreement will boost royalty payments to Qualcomm, which will also still make phones and computer chips for the systems. The technology, called code-division multiple access or CDMA, provides more capacity than competing digital cellular standards and is considered more efficient for data services that will let uses send and receive email and browse the Internet. Profit from operations for the fiscal second quarter rose to $65.2 million, or 82 cents a share, from $18.6 million, or 25 cents, a year earlier. The company was expected to earn 59 cents a share, the average estimate of analysts polled by First Call. Estimates ranged from 50 cents a share to 64 cents. Copyright 1999, Bloomberg L.P. All Rights Reserved.

To: Gregg Powers who wrote (27918)	4/21/1999 1:18:00 PM
From: METMAN	Respond to of 152472

Greg: I agree and I haven't been day trading. George thinks (if you are responding to my post to him) that it works well for him. That's OK by me. The Q is too good a story (as you have educated us so very well) to day trade this one; unless you do it in an IRA fund, which might yield a little more if you hold both a solid position in some other taxable account and day trade some Q in your IRA...it might work out a little better, not saying it must. I have been in/out of Q with the ups/downs and uncertainties for the past 3 years, but have held steady for the past 1.5, due to the overwhelming evidence of what was about to happen. Coming from a limited amount of $$; protecting my capital was a must. I personally (don't know if they are still there...very quiet about things) knew 3 top-notch engineers from school who took jobs with the Q back in '93. Quality people all around. This was my first introduction to the company. With all of the insightful comments from you and others, this has been one of the best responded threads at SI.... Kudos to you and the others that have been willing to share so freely your knowledge. I've even tried to convince some of my relatives to get Q last February...but they waited too long...now watching it go up +120 points in 2 months. I felt really bad :( for him, so I bought him a QCP-2700. At least now, he can call me and rant from anywhere, bless his heart. Chalk up another phone sale by a happy Q holder. Traders will come and go and money will always be made day trading, but great companies are worth holding for longer than a day! Just an aside, I've been taking a look at BCICF (like LWIN), they offer PCS in Korea, I believe, and though they are both cell/pcs in service, they might be a potential winner in wireless service. Perhaps, not as big as LWIN, PCS, and GSTRF (which we know is of a slightly higher risk). BCICF has some partnership with the Q, but I am not sure where this is headed, exactly. regards, metman

To: Gregg Powers who wrote (27918)	4/21/1999 1:18:00 PM
From: qdog	Respond to of 152472

Gregg- How big do you expect HDR to be? Is it included in earnings projections? Caxton