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

To: Robert Sheldon who wrote (30388)	5/20/1999 5:28:00 AM
From: Labrador	Respond to of 152472

I have tended to discount high-tech reports from H&Q. (Unfortunately, I can get their reports free through Schwab.) What you might find interesting is that on April 21st, H&Q (Eric C> Zimits) issued a report on QCOM, MAINTAINING a hold rating. They thought that the stock would open up in the $150-$160 range, and therefore the stock had topped out pricewise. (We all know what happened after April 21!). Also, think of the poor H&Q followers who dumped QCOM prior to this report based on H&Q's hold rating. One interesting tidbit to note in the April 21 report is their statements on Korea. They note the stronger than expected demand from Korea and state demand will likely continue at these levels. They don't seem aware of the Korea issue mentioned in the Journal. They did raise the year 2000 estimate from $1.50 to $2. 35 (I made the split adjustment). I note based on the current H&Q report that they left their year 2000 estimate the same, notwithstanding the increased competition and slow-down mentioned in the May 18 report. Unfortunately, maybe now I know why Schwab gives H&Q reports for free to customers, surely, they wouldn't think of charging for these reports.