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

To: quidditch who wrote (29100)	5/3/1999 3:42:00 PM
From: Ibexx	Read Replies (2) \| Respond to of 152472

Thread, Q* made a new 52-week high, momentum sustaining... Ibexx

To: quidditch who wrote (29100)	5/3/1999 5:42:00 PM
From: Ruffian	Respond to of 152472

Q News> Qualcomm earnings per share views raised Philips to buy VLSI; Compaq cuts its monitor prices By Janet Haney & Lisa J Ulmer, CBS MarketWatch Last Update: 4:18 PM ET May 3, 1999 Silicon Stocks Net Stocks Qualcomm shares got a boost after Merrill Lynch upped its earnings-per-share outlook on the company. Analysts Michael Ching and Timothy Long said their 1999 estimate is now $4, up from the previous level of $3.70 a share. This compares with the First Call Corp. estimate of $3.67 per share. Ching and Long also set a new 2000 prediction of $5.50 from $5 a share; this is 35 cents more than the First Call. Shares of the company soared 18 3/8, or 9.2 percent, to 218 3/8. The analysts gave the stock an intermediate-term rating of "accumulate," with a long-term "buy" rating. The Merrill Lynch analysts also believe Qualcomm stock will trade at 38 times their calendar 2000 estimate, with a price target of $225 per share. Ching and Long think CDMA phone and chip demand is stronger than expected and said Qualcomm has orders for these products for the next 13 weeks to 14 weeks, which could result in a good June quarter. Qualcomm (QCOM: news, msgs) makes digital wireless communication products.