Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 61.03

+0.3%

Nov 26 3:59 PM EST

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To: SafetyAgentMan who wrote (7375)	9/14/1999 11:49:00 AM
From: djane	Read Replies (1) of 29987

Does this mean Q* is staying in the satellite-based phone business? (see below) If so, wouldn't that be a very strong vote of confidence for G? Fascinating phrasing from G point of view... Qualcomm sees strong fourth quarter. Communications maker considers options for phone unit By Janet Haney, CBS MarketWatch Last Update: 10:24 AM ET Sep 14, 1999 SAN DIEGO (CBS.MW) -- Shares of Qualcomm shot 6 percent higher Tuesday morning after the company said it would meet or exceed fourth-quarter earnings estimates and that it is talking to other companies about ways to boost its phone business. The San Diego-based digital wireless communications maker (QCOM: news, msgs) said demand for its code division multiple access chipsets and phones have been stronger in its fourth quarter vs. the third quarter. See press release. Analysts surveyed by First Call expect the company to earn 88 cents per share in the fourth quarter. Qualcomm shares jumped as much as 10 1/8 higher to 163 1/2, with 3.9 million shares changing hands. Additionally, Qualcomm said its looking into "several strategic options for its terrestrial -based phone business" and that talks are underway with different companies. The company hopes to move the business to a manufacturer that will support its customers and employees along with other opportunities. Qualcomm said it expects to reach a decision by the end of the calendar year. Meanwhile, it added that it's reducing costs which may result in a non-recurring charge to its earnings. Janet Haney is an online reporter for CBS MarketWatch. ¸ 1997-1999 MarketWatch.com, Inc. All rights reserved. Disclaimer. Privacy Policy.

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