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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.09

+1.8%

Nov 28 9:30 AM EST

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To: Gregg Powers who wrote (32448)	6/16/1999 3:02:00 PM
From: 2brasil	Read Replies (2) of 152472

will be in Brazil for two weeks will find out everything I can ABOUT QCOM handset sales--------ot Motorola sees healthy growth in mobile phones MINNEAPOLIS, Minn., June 16 (Reuters) - Wireless communications provider and semiconductor maker Motorola Inc. (NYSE:MOT - news) said it expects good growth in both the number of mobile phone users and in telecommunications equipment industry sales. ''In cellular, we expect the healthy growth that we saw in 1998,'' Fred Tucker, executive vice president and deputy to the chief executive officer of Motorola, told the 1999 U.S. Bancorp Piper Jaffray Conference on Tuesday. ''We expect the number of installed cellular phone users to reach between 420 to 430 million by the end of the year, up from just over 300 million in 1998,'' he said. Motorola also sees the number of cellular phone users climbing to 1 billion worldwide by 2004, he said. The company also expects the market for telecommunications equipment to grow from $218 billion in 1997 to $328 billion by 2002. Motorola's market share in the telecommunications equipment industry is about one-third, Tucker said. More Quotes and News: Motorola Inc (NYSE:MOT - news) Related News Categories: US Market News Help Copyright © 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information.

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