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Technology Stocks : USWC-U.S.Wireless

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To: Daniel Joo who wrote (86)	1/31/2000 10:01:00 AM
From: Sir Auric Goldfinger	Read Replies (2) of 136

Sorry no satellites sounds extremely unlikely to work when needed. I go with QCOM:"Qualcomm Drops $1B To Get Software For gpsOne. Qualcomm [QCOM] cited the development of its gpsOne chipset and software for wireless position location technology as a highlight of its fourth quarter. Yesterday, the San Diego-based wireless vendor put its money where its mouth is by acquiring wireless GPS vendor SnapTrack in a $1 billion stock deal. Qualcomm reported revenues of $1.1 billion for the first quarter of its fiscal year 2000, up 19 percent from $941 million the same period in its FY 1999. Its net income was $177 million, or 23 cents per share, up 265 percent from $49 million, or 8 cents per share, the previous first quarter. Qualcomm execs expect that combining gpsOne with SnapTrack's Wireless Assisted GPS technology will accelerate the introduction of location-enabled mobile phones. SnapTrack will become a wholly owned subsidiary of Qualcomm in the deal, expected to close by mid-March. Malcolm Spicer

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