The New Qualcomm - a S&P500 company Message Board

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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 174.69

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Dec 24 12:59 PM EST

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To: jpbrody who wrote (4434)	12/22/1999 4:53:00 PM
From: slacker711	Read Replies (2) of 13582

QUALCOMM will form a new subsidiary with a substantial number of employees from QUALCOMM Consumer Products, as identified by Kyocera. Through a strategic alliance, these employees' services will be contracted to Kyocera on a cost-plus basis to support Kyocera's phone business for up to three years. Selected employees of QUALCOMM Personal Electronics (QPE), a manufacturing joint venture between QUALCOMM and Sony Electronics, will be transferred to the newly formed unit of Kyocera. QUALCOMM will incur a one-time charge in the first quarter of fiscal 2000 of approximately US$30 million before taxes. Well the 30 million dollar charge is smaller than expected.....but I think our earnings reports got really complicated again. Slacker

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