12:14 ET Qualcomm: 3G delays, Taiwan Semi pressure shares-- Lehman (QCOM) 25.75 -3.36: -- Update -- Lehman believes that delays in W-CDMA rollouts (Telefonica delayed this morning) are likely to reduce medium-term opportunities for W-CDMA royalties and chipset sales and may weigh on QCOM shares; believes QCOM may also be seeing some incremental pressure following somewhat uninspiring results from TSM this morning; firm expects QCOM tonight to deliver in-line numbers with mgmt likely to support a sequential uptick in Sept and Dec chipset expectations, although the sector remains challenging near-term.
your right, by th eend of the day the sox will quite possibly be much lower. the shorts are not scared to cover because support has been breached, but i could be dreaming
Zeev, Sorry for the duplicate. But, I see IRF has broken it's support at 23.95. Although it appears on rather low volume. Could this be an attempt by the MM's to buy shares at lower prices prior to their earnings tonight??