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Technology Stocks : Nokia (NOK)

NOK 6.180

+0.3%

3:59 PM EST

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To: Ruffian who wrote (2893)	12/3/1999 11:14:00 AM
From: w molloy	of 34857

Q: Qualcomm President and COO Richard Sulpizio has said you might use some of the $1.6 billion in cash and equivalents on the books to acquire GSM technology in order to build dual-mode chipsets for both CDMA and GSM networks. Can you confirm this? A: Yes, we?re looking around at possible acquisitions. We?ll work with someone who has GSM rights. It could be a strategic relationship such as cross-licensing. We need to find a solution. A strong enough acquisition is another way to go. We could use cash and stock. This is new path for us -- we?ve never done acquisitions before. GSM outfit is COMQUEST (not NOK) w.

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