Qualcomm Inc (QCOM)

[Jim Mullens]

kqc, Re: the S.G. Cowan note and “Outperform Market By 20%-30%: means between $54 and $58 I believe.”

If Cowan expects the general market to go up 10%, QCOM outperforming that by 20 – 30% could place QCOM between $58- $62 >>>>> $44.50 x 1.30 = $57.85, or x 1.40 = $62.30

Snip>>>

S.G. Cowen raised its fiscal 2005 estimate on Qualcomm to earnings of $1.16 per share on revenue of $5.655 billion, up from earnings of $1.15 per share on revenue of $5.601 billion. The research firm maintained the fiscal 2006 earnings per share estimate of $1.56 but raised its revenue estimate for that year to $7.074 billion from $7.054 billion. "

<<<<<<<<<<<<<<<

...................EPS.......... Rev
2005fy........$1.16..........$5.501B
2006.............1.56...........7.074
.........................34.4%......28.6%