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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 162.53+1.8%11:52 AM EST

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To: Kayaker who wrote (101585)7/11/2001 5:29:19 PM
From: Kayaker  Read Replies (2) of 152472
 
5:24pm 07/11/01 Microsoft: $3.9 bln Q4 charge, revs up (MSFT) By August Cole
Microsoft, the world's largest software company, said Wednesday that it will report a $2.6 billion fiscal fourth quarter loss because of a $3.9 billion noncash charge from losses in certain cable and telecom securities. Profit will accordingly be impacted and now is expected, including the charge, at 1 cent a share. Quarterly revenue, however, will top targets with a range of $6.5 billion to $6.6 billion vs. earlier estimates of $6.3 billion to $6.5 billion. Microsoft (MSFT) said more fourth-quarter and full-year details are to come on July 19 when the company reports results.

cbs.marketwatch.com;

Dang! QCOM up 2+, SEBL up 3+.
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