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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (48305)	6/3/1999 12:09:00 PM
From: Esway	Respond to of 90042

Didn't just trying to cheer you up,trying to knock the edge off of the bad moods going around here today. Hope it isn't that high personally but many are even higher. Wasn't trying to offend you, sorry if I did. EW

To: Tim Luke who wrote (48305)	6/3/1999 12:54:00 PM
From: USRX888	Respond to of 90042

Say Mr Luke is this you in this article.......... . San Diego, June 3 (Bloomberg) -- Shares of Qualcomm Inc., developer of the world's second-most popular cellular technology, rose as much as 8.5 percent on expectations earnings may beat estimates on demand for the company's wireless phones and semiconductors. Qualcomm rose 6 to 104 7/8 in late morning trading. Earlier, the shares, which have quadrupled this year, touched 107 5/16. Demand is increasing worldwide for chips and phones that use Qualcomm's code-division multiple access technology, Tim Luke, an analyst at Lehman Brothers Inc. wrote in a research report. Luke expects to raise his earnings estimates for the fiscal third quarter ending June 30 and the year ending Sept. 30 based on the sales and royalty payments from companies that use CDMA. ''We remain encouraged by the strong growth prospects for both Qualcomm and the global CDMA market,'' said Luke, who met with Qualcomm Chief Financial Officer Anthony Thornley yesterday. Luke, who rates Qualcomm ''strong buy,'' said his earnings estimates ''may be revised steadily upwards over the balance of 1999.'' He currently expects Qualcomm to earn 65 cents a share in the third quarter and $2.11 for the year. Analysts polled by First Call Corp. expect 61 cents for the quarter and $2.01 for the year. CDMA CDMA provides more capacity than competing digital cellular standards and is considered more efficient for data services that let users send and receive e-mail and browse the Internet. Qualcomm shares had fallen from a record 119 3/4 in the last weeks on concern that sales and earnings would slow after the Korean government ordered local wireless providers to stop subsidizing phone sales starting April 1. Luke said orders for chips in Korea are still strong, and demand is accelerating in the U.S., Japan and Brazil. On May 18, Qualcomm said third-quarter earnings will meet or exceed analysts' estimates. Since then, the average estimate of analysts polled by First Call Corp. has risen to 61 cents a share from 59 cents. Jun/03/1999 11:42 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1999 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.