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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 152.66

+0.7%

Feb 2 3:59 PM EST

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To: marginmike who wrote (32000)	6/8/1999 9:09:00 PM
From: Ruffian	Read Replies (1) of 152472

Ericy> Ericsson: New phone solidly connects And more from the PaineWebber Growth & Tech forum By Stephanie O'Brien , Emily Church and Steve Gelsi, CBS MarketWatch Last Update: 8:21 PM ET Jun 8, 1999 Net Stocks Ericsson (ERICY: news, msgs) said Tuesday the wireless phone maker's new T18 phone has seen a better-than-expected debut in Europe. The product rolls out next month in the U.S. Also coming are a T28 GSM pocket phone and a ruggedized cellular phone that resists impact when dropped. vice Gary Pinkham, president of business development, said work is progressing on Ericsson's acquisition of Qualcomm's (QCOM: news, msgs) code division multiple access technology unit. The company has retained the 1,250 employees selected from the move. It plans to agressively seek out more CDMA contracts. After the bell, Ericsson said it's investing $13 million in Iceland based Internet software developer, OZ.com, which offers services to phones with Web access.

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