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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 180.90+2.1%Oct 31 9:30 AM EDT

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To: foundation who wrote (84600)10/24/2000 5:58:36 PM
From: Sully-  Read Replies (3) of 152472
 
RE: NT ...........FWIW..........

>>.....``We are extremely pleased with the strong growth in the quarter which reflected our continued strength and leadership in the key growth areas of Optical Internet, Wireless Internet, Local Internet and eBusiness Solutions,'' said John Roth, president and chief executive officer, Nortel Networks. ``Carriers and service providers around the world continued the drive to provide a broad range of wireless, internet and eBusiness services to their customers. Leading the growth again this quarter, revenues for our Optical Internet solutions grew nearly 90% in the quarter compared to the same period last year. We are especially pleased with the excellent traction in Wireless Internet solutions with approximately US$1.2 billion in new contract announcements since the end of June and revenue growth in excess of 50% in the quarter over third quarter of 1999. Local Internet and eBusiness solutions also continued to do well with quarterly revenue growth in excess of 35% and 200% respectively over the same period last year.''.........

.....``Looking forward to 2001, we expect the overall market to grow in excess of 20 percent. Given our strong market position and industry leading networking solutions, we expect to continue to grow significantly faster than the market, with anticipated growth in revenues and EPS from operations in the 30 to 35 percent range,'' said John Roth............<<

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