SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.01-0.3%Nov 14 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: 2MAR$ who wrote (78053)7/28/2000 7:41:27 PM
From: Boplicity  Read Replies (2) of 152472
 
Qualcomm Says It Plans to Introduce Joint Venture on Monday


San Diego, July 28 (Bloomberg) -- Qualcomm Inc., which developed mobile-phone technology used by 65 million people, said it plans to unveil a joint venture on Monday.

Qualcomm Chairman and Chief Executive Irwin Jacobs and his son, Executive Vice President Paul Jacobs, will make the announcement at a news conference at 11:15 a.m. New York time, the company said. It didn't say who else was involved in the venture. Officials weren't immediately available to comment.

Qualcomm formed a joint venture with Microsoft Corp. called Wireless Knowledge Inc. in November 1998. Its software lets users of mobile phones and laptop computers gain access to e-mail and other programs on corporate networks.

On Tuesday, Qualcomm unveiled plans to spin off its business that makes phone chips so the unit could develop semiconductors using standards that compete with Qualcomm's code division multiple access technology. Qualcomm is keeping the business that gets royalties from CDMA licenses and another unit that makes truck-tracking systems.

Shares of San Diego-based Qualcomm fell 3 1/8 to 62 7/16. They've dropped 65 percent this year after surging 27-fold in 1999.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News