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Politics : Formerly About Applied Materials

AMAT 307.20

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Jan 12 3:59 PM EST

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To: StanX Long who wrote (61005)	2/27/2002 2:23:07 AM
From: StanX Long	Read Replies (1) of 70976

Qualcomm Expects to Meet Profit Forecast -- Los Angeles Times, 2/26/2002 e-insite.net Qualcomm Inc. said its fiscal second-quarter profit will meet its forecast because of increased demand for newer semiconductors used in wireless devices. The San Diego-based chip designer said that profit excluding certain costs will be 20 cents a share in the period ending March 31. Chief Executive Irwin Jacobs boosted by 14% his forecast for shipments of newer phone chips that deliver faster wireless Internet access, a bright sign for an industry where wireless subscriber growth has stalled. Qualcomm shares gained 9.8%, or $ 3.21, to $ 35.91 on Nasdaq.

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