The New Qualcomm - a S&P500 company Message Board

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

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: Ramsey Su who wrote (10725)	5/25/2000 11:18:00 AM
From: NinjaDancer	Read Replies (1) of 13582

Merrill Lynch said it believes the passage of the China trade bill will be a long-term positive for many U.S. communications equipment companies. "China currently represents about 6 percent of the total communications equipment market, but if new service providers are allowed to enter the Chinese market, we would expect spending in China to accelerate," Merrill said in a note to clients. But Merrill is not as sanguine on Qualcomm's prospects. "In the near-term, passage of this bill may reduce any remaining leverage the U.S. can have on the adoption of CDMA [technology] in China. Passage of this bill may still be perceived negatively for Qualcomm," the brokerage said. cbs.marketwatch.com

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