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

To: limtex who wrote (31095)	5/26/1999 5:23:00 PM
From: Ruffian	Respond to of 152472

Report> QCOM: New Report Available: Qualcomm Salomon Smith Barney Wednesday, May 26, 1999 --SUMMARY:--QUALCOMM, Inc.--Telecommunications Equipment * We currently rate QCOM a Buy. * QCOM's patented technology is well on its way to becoming a worldwide standard for both 2G and 3G (next-generation) wireless systems. * Demand for CDMA phones in general & for QCOM CDMA phones in particular is running strong; ASIC sales also should continue to be healthy. * Network business sale to and IPR dispute resolution with Ericsson is a huge positive, in our view. * QCOM gets a royalty fee on every CDMAOne phone, which is about 10%-15% of the market; But, QCOM could get a royalty fee on every phone sold in a wireless world optimized for the Internet and access to data. * New report available today (US05G253) provides comprehensive overview of our thesis & the company. --EARNINGS PER SHARE-------------------------------------------------------- FYE 1 Qtr 2 Qtr 3 Qtr 4 Qtr Year Actual 09/98 EPS $0.29A $0.13A $0.14A $0.27A $0.82A Previous 09/99 EPS $0.30A $0.41A $0.67E $0.73E $2.12E Current 09/99 EPS $0.30A $0.41A $0.67E $0.73E $2.12E Previous 09/00 EPS $N/A $N/A $N/A $N/A $2.87E Current 09/00 EPS $N/A $N/A $N/A $N/A $2.87E Previous 09/01 EPS $N/A $N/A $N/A $N/A $3.75E Current 09/01 EPS $N/A $N/A $N/A $N/A $3.75E Footnotes: --FUNDAMENTALS-------------------------------------------------------------- Current Rank........:1H Prior:No Change Price (5/25/99).....:$91.56 P/E Ratio 09/99.....:43.2x Target Price..:$150.00 Prior:No Change P/E Ratio 09/00.....:31.9x Proj.5yr EPS Grth...:44.4% Return on Eqty 98...:48.9% Book Value/Shr(99)..:7.01 LT Debt-to-Capital(a)0.2% Dividend............:$N/A Revenue (99)........:3649.0mil Yield...............:N/A% Shares Outstanding..:150.6mil Convertible.........:No Mkt. Capitalization.:13788.9mil Hedge Clause(s).....: Comments............:(a) Data as of the most recently reported quarter. Comments............: --OPINION------------------------------------------------------------------- ---------------------------------------------------------------------------- Salomon Smith Barney is a U.S. registered broker-dealer. It is a member of Citigroup Inc. and is affiliated with Citibank, N.A. and its subsidiaries and branches worldwide (collectively "Citibank"). Despite those affiliations, securities recommended, offered, sold by, or held at, Salomon Smith Barney: (i) are not insured by the Federal Deposit Insurance Corporation; (ii) are not deposits or other obligations of any insured depository institution (including Citibank); and (iii) are subject to investment risks, including the possible loss of the principal amount invested. Salomon Smith Barney including its parent, subsidiaries and/or affiliates ("the Firm"), may from time to time perform investment banking or other services for, or solicit investment banking or other business from, any company mentioned in this report. For the securities discussed in this report, the Firm may make a market and may sell to or buy from customers on a principal basis. The Firm, or any individuals preparing this report, may at any time have a position in any securities or options of any of the issuers in this report. An employee of the Firm may be a director of a company mentioned in this report. Although the statements of facts in this report have been obtained from and are based upon sources the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed. All opinions and estimates included in this report constitute the Firm's judgment as of the date of this report and are subject to change without notice. This report is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of a security. This report was prepared by Salomon Smith Barney Inc. and is being distributed by Nikko Salomon Smith Barney Limited under license. This publication has been approved for distribution in the United Kingdom by Salomon Brothers International Limited, which is regulated by the Securities and Futures Authority. The investments and services contained herein are not available to private customers in the UK. This report does not take into account the investment objectives, financial situation or particular needs of any particular person. Investors should obtain individual financial advice based on their own particular circumstances before making an investment decision on the basis of the recommendations in this report. The research opinions of the Firm may differ from those of The Robinson-Humphrey Company, LLC, a wholly owned brokerage subsidiary of Salomon Smith Barney Inc. Salomon Smith Barney is a service mark of Salomon Smith Barney Inc. (c) Salomon Smith Barney Inc., 1999. All rights reserved. Any unauthorized use, duplication or disclosure is prohibited by law and will result in prosecution.

To: limtex who wrote (31095)	5/26/1999 5:33:00 PM
From: Ruffian	Respond to of 152472

Super Bowl> May 26, 1999 Dow Jones Newswires SportsTicker: Super Bowl XXXVII To Be Held In San Diego Dow Jones Newswires ATLANTA (Ticker) Super Bowl XXXVII was moved from San Francisco, but not out of California. In the second and final day of their meetings today, the NFL owners approved the move of that game, which was forced out of the Bay Area because the 49ers' new stadium will not yet be ready. San Diego will host its third Super Bowl on January 26, 2003, at Qualcomm Stadium, home of the Chargers. The Washington Redskins defeated the Denver Broncos, 42-10, in Super Bowl XXII on January 31, 1988, and the Broncos topped the Green Bay Packers, 35-24, in Super Bowl XXXII on January 25, 1998 in the other San Diego contests. Also today, the 31 owners got to see a demonstration of the new replay system to be used next season. 'Our goal is to take advantage of advanced technology to create the most efficient replay system possible,' said NFL commissioner Paul Tagliabue. 'We believe we have developed that type of system. It uses advanced technology, but it is simple to operate. We did not want to bring back replay with the same system as 10 years ago. There will be a noticeable positive difference in the overall replay operation.' The new video system is digitally based and does not use video tape like the old system, which was in place from 1986-91. Head coaches will be allowed two challenges per game, none in the final two minutes of the half or overtime. In those cases, the officials will be allowed to refer to the replay. Replay officials will be ready after each play in case their services are needed, in an effort to keep the process efficient. 'Every play will be examined in case there is a coach's challenge,' NFL senior director of officiating Jerry Seeman said. 'Every official, the ones on the field and in the booth, will be involved every minute of the game.' There is a 90-second time limit for decisions on the replay. On Tuesday, the owners unanimously approved the sale of the Washington Redskins from John Kent Cooke to communications executive Daniel Snyder for $800 million. Snyder's approval was expected after he also received unanimous approval from the NFL's finance committee last week. The $800 million price tag is the largest for any sports franchise in North America and makes the 34-year-old Snyder the youngest owner in the league. It dwarfs the $530 million paid for the expansion Cleveland Browns by billionaire businessman Alfred Lerner. The sale price was boosted in part by the valuable Washington market and the inclusion of Jack Kent Cooke Stadium, a two-year-old facility in Raljon, Maryland, as part of the deal.