Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 182.00

+0.6%

9:35 AM EST

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To: GO*QCOM who wrote (115705)	3/18/2002 8:40:11 AM
From: GO*QCOM	Read Replies (1) of 152472

Qualcomm to divest itself of Vesper RELATED SYMBOLS: (QCOM) Brazil, Mar 14, 2002 (O Globo/SABI via COMTEX) -- Qualcomm intends to divest itself of its participation in Vesper as soon as possible. The company describes its share in Vesper as not being part of its current focus, which is the adoption of the CDMA technology by cell phone companies. Qualcomm generally invests in phone companies which commit themselves to using the technology and later selling its shares, as it does want to remain on as a majority shareholder. Last November, Qualcomm directed the restructuring of Vesper, and renegotiated the company's debt, injecting R$266mil and increasing its participation in Vesper from 16% to 70.5%.

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