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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 155.82-1.3%Jan 23 9:30 AM EST

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To: Voltaire who wrote (56840)12/27/1999 12:49:00 AM
From: SOROS  Read Replies (1) of 152472
 
I'll settle for an equal 7.44 percent move on QCOM on Monday. I'd say the people buying Kyocera for the past week at higher and higher prices must think they are going to do a gang-buster phone business now -- looks like QCOM's take of the loot should be pretty good going forward.

Sunday December 26, 8:49 pm Eastern Time

TOKYO, Dec 27 (Reuters) - The following stocks are on the move on Monday.

0126 GMT - Kyocera Corp up 1,440 yen or 7.44 percent at 20,790 after Merrill Lynch late last week raised its target price for the world's largest maker of integrated circuit ceramic packages to 22,300 yen from 18,500.

The change in the target price followed news that U.S. mobile phone technology developer Qualcomm Corp (NasdaqNM:QCOM - news) has sold its unprofitable handset unit to Kyocera.

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