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manny t

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manny t

Re: None

Thursday, 07/25/2002 8:22:04 AM

Thursday, July 25, 2002 8:22:04 AM

Post# of 704019
08:17 ET QCOM Qualcomm downgraded by UBS (29.10)
UBS Warburg downgrades stock this morning (not Deutsche) to HOLD from Buy. Firm reducing FY03 pro forma est to $1.05 from $1.11 reflecting lower industry demand of 82 mln units versus prior est of 86 mln. Believes that concerns over lower than expected industry volume could contribute to limiting upside in the shares. Firm's new price target is $32.


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