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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 159.42

-1.2%

Jan 16 3:59 PM EST

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To: Dennis Roth who wrote (21078)	4/3/2002 6:09:56 AM
From: Dennis Roth	Read Replies (1) of 197281

E-Ron Technologies receives 3 mln usd investment from Qualcomm library.northernlight.com SEOUL (AFX-ASIA) - E-Ron Technologies Corp said Qualcomm Inc has agreed to invest 3 mln usd in the company for a 5.47 pct stake. An international venture capital fund led by Qualcomm has already bought a 4.7 pct stake in the firm. The shares issued to Qualcomm carry a one-year lock-up period, it said. "Qualcomm is a major supplier for our core product of CDMA-based modems ... the deal will ensure stable supplies," an E-Ron spokesman said. E-Ron Technologies closed up 1,040 won at 11,000 on volume of 1.9 mln shares on KOSDAQ. seo/jv Copyright AFX 2002, All Rights Reserved.

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