Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 182.19

+3.5%

3:59 PM EST

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To: John Cuthbertson who wrote (8606)	2/17/1998 5:00:00 PM
From: kech	of 152472

Qcom denies second shoe will drop in Korea. On Feb. 5, the wireless telecommunications equipment maker said its second-quarter earnings will fall below first-quarter levels due to canceled or delayed orders from South Korea, its major export market. Qualcomm also said it would cut about 700 temporary jobs. Since then, Qualcomm said it contacted its other Korean customers and does not expect any other order cancellations or delays. The company also is in talks to see if the cancelled order could be rescheduled for later in the year. "The situation in Korea is still volatile and there are still things that could happen...but we don't see any change from what we reported a week or two ago," White said.

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