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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 170.90-1.3%Nov 7 9:30 AM EST
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To: Uncle Frank who wrote (77644)7/25/2000 8:33:35 AM
From: Ruffian  Read Replies (3) of 152472
 
QUALCOMM Incorporated ("QUALCOMM" or the "Company") is planning to
spin-off its integrated circuit and system software solutions business. The
separation will create two separate companies and is designed to speed the
worldwide growth and development of CDMA wireless voice and data markets. These
companies will focus on critical drivers of growth for the wireless industry.
The new company will focus on developing and delivering innovative wireless
communications integrated circuits and system software solutions for the world's
leading handset and infrastructure manufacturers. QUALCOMM will focus on
developing and supporting the growth of CDMA technology and driving the
convergence of wireless data applications and Internet access, with the goal of
increasing royalties. In addition, QUALCOMM will further develop its other
existing businesses, including QUALCOMM Wireless Systems (OmniTRACS and
Globalstar) and QUALCOMM Digital Media (Government Systems, Digital Cinema and
Eudora).
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