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

QCOM 178.29

-1.6%

Dec 12 9:30 AM EST

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To: Ramsey Su who wrote ()	2/28/2000 9:32:00 AM
From: Cooters	of 13582

Qualcomm, Lucent Expand Alliance to Include Fast Internet Links -From AtHome News.- Cooters New Orleans, Feb. 28 (Bloomberg) -- Qualcomm Inc., which developed wireless-phone technology used by 50 million people, is teaming with Lucent Technologies Inc. create equipment that speeds up Internet browsing from cell phones. Qualcomm's high data rate, or HDR, technology works with chips and equipment based on the code division-multiple access technology the company developed. Lucent previously agreed to make equipment based on Qualcomm's so-called third generation, or 3G cell-phone technology that boosts the capacity and data-transfer capabilities of wireless networks. The agreement could help HDR gain acceptance from wireless- service companies planning to update their networks. The companies plan to meet with wireless-service companies to discuss HDR and try to make it a standard. HDR can transfer data many times faster than standard dial-up computer modems. The technology will work with devices including phones, notebook computers and electronic organizers. Sony Corp., Toshiba Corp. and 14 other electronics makers worldwide, including Lucent, will use the technology, the Nihon Keizai newspaper reported yesterday without citing sources. Qualcomm spokeswoman Christine Trimble declined to comment on that report. Shares of San Diego-based Qualcomm fell 6 1/8 to 133 9/16 on Friday. Murray Hill, New Jersey-based Lucent rose 2 11/16 to 58 13/16 on the New York Stock Exchange.

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