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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.13

+1.1%

Nov 26 3:59 PM EST

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To: Jim Willie CB who wrote (50296)	11/16/1999 9:00:00 AM
From: Mark Peterson CPA	Read Replies (1) of 152472

News on Q*: South Korea can't live without'em.... S. KOREA RESPONSIBLE FOR QUALCOMM'S RECORD NASDAQ GAINS SEOUL, Nov 16, 1999 (Asia Pulse via COMTEX) -- South Korea is the reason behind Qualcomm's record performance on the NASDAQ market as the company's biggest buyer of digital cellular CDMA technology, securities experts here said Tuesday. A Qualcomm share closed at $378 Friday, far ahead of Internet blue chips America Online (US$148.50) and Amazon.com (US$74.94). The CDMA creator's stock prices shot up 1,359 percent from $32.91 in January, while those of AOL and Amazon gained 91.5 percent and 40 percent, respectively, from $87.88 and $58.47. The key NASDAQ index advanced 46.9 percent from 2,192.69 points to 3, 221.15 during this period. Securities experts here said the ever-growing demand and rally of South Korea's cellular equipment industry and service operators are the biggest contributors to Qualcomm's outstanding performance. The country is completely dependent on Qualcomm's CDMA technology for its cellular operations and as long as its demand continues, the company's stock rally will go on, one expert said. (Yonhap) -0- (C) 1999 Asia Pulse Pte Ltd

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