In the near-term, Qualcomm's earnings outlook has been diminished due to recent events in China and Korea. For the June quarter, we are currently forecasting 16 percent pro forma revenue growth to 750 million and 26 percent pro forma EPS growth to 27 cents. Based on the company's press release, our EPS estimate looks to be too high.
More Quotes from Michael Ching:
Management did outline several actions that they plan to take that should help return the company to more profitability. This will include several hundred million dollars in charges in the December quarter.Michael Ching
With a new management team in place, the review process will likely lead to more conservative revenue growth, and therefore (earnings) performance, in the near term.
Michael Ching
Lucent has run up recently on media discussion of being a take-over target. We believe that in the current environment, this is a possibility.
Michael Ching
The growth in Lucent's optical systems revenue has been the biggest disappointment.
Michael Ching
Given the uncertainty on both service provider and corporate IT spending, visibility is the poorest in several years. We expect Cisco to be cautious on its near-term outlook despite indications that business in some segments has improved.
Michael Ching
With the restructuring essentially finished, we expect investors to now focus on 3Com's emerging technologies and its bottom line. We continue to look for the company to report a breakeven fourth quarter, although earnings per share could turn positive in the second quarter due to non-operating gains.
Michael Ching
Readers Who Like This Quotation Also Like:
Based on Keywords: forma, qualcommsAll playwrights should be dead for three hundred years.
Joseph L. Mankiewicz
So often we try to alter circumstances to suit ourselves, instead of letting them alter us, which is what they are meant to do.
Mother Maribel
We pardon to the extent that we love.
Francois de La Rochefoucauld