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

QCOM 177.78

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Jan 9 9:30 AM EST

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From: Cooters	10/21/2004 2:42:40 PM
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UPDATE 1-Qualcomm sees supply shortages into first quarter Thu Oct 21, 2004 01:19 PM ET (Adds comments from CFO, share price.) yahoo.reuters.com NEW YORK, Oct 21 (Reuters) - A supply shortage of for some mobile phone chips at Qualcomm Inc. (QCOM.O: Quote, Profile, Research) could stretch into the first quarter of next year as demand continues to rise, Chief Financial Officer William Keitel said on Thursday. Qualcomm, which has had problems meeting demand for some mobile phone chips this year, said in July that production capacity constraints were expected to be resolved by year-end. Keitel said that while the company has resolved most of its supply issues, it is still producing some chips used for transmitting and receiving calls to mobile phones too slowly. "We'll have it resolved by the end of the first calendar quarter," Keitel said in an interview with Reuters. "Our window on when we expect to be back in balance has been moving out because demand has continued to increase," Keitel noted that Qualcomm has already asked companies that manufacture its chips for a significant increase in production capacity this year. It is now looking for even more capacity. "What we're doing is we're working with our semiconductor manufacturer partners to get more capacity committed to Qualcomm," he said. Shares of Qualcomm were down 32 cents at $43.09 in afternoon trade on Nasdaq.

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