Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.76

+0.3%

Dec 23 3:59 PM EST

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To: LBstocks who wrote (37581)	8/3/1999 4:55:00 PM
From: LJM	Read Replies (2) of 152472

This is pasted from the other QCOM thread! Obviously this analyst has a different opinion than Smith Barney! <<Qualcomm Shares Fall on Concern About Competition From Motorola San Diego, Aug. 3 (Bloomberg) -- Shares of Qualcomm Inc., which developed the world's second-most popular wireless phone technology, fell as much as 10 percent after Motorola Inc. said it will make semiconductors for phones to compete with Qualcomm. Qualcomm fell 7 3/16 to 145 5/16 in late trading. Earlier, the shares touched 137. The stock is the best performer on the Standard & Poor's 500 Index this year. Motorola, the world's No. 2 cellular-phone maker, told analysts and investors it plans to start selling computer chips next year that compete with Qualcomm's. That could hurt Qualcomm, whose shares have risen more than fivefold this year on expectation profit will surge with sales of chips and royalties from companies that use its technology. ''Motorola is a competitive threat to Qualcomm,' said Brian Modoff, an analyst at Deutsche Banc Alex. Brown, who rates both Qualcomm and Motorola ''strong buy.' Motorola said it will begin shipping the chips in large volumes in the first half of next year. Qualcomm sold 11 million of the chips, which use the company's code-division multiple access technology, in the quarter that ended June 27. Officials at San Diego-based Qualcomm weren't immediately available to comment. LJM

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