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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.76+0.3%3:59 PM EST
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To: kech who wrote (5919)12/3/1997 11:38:00 AM
From: GO*QCOM  Read Replies (1) of 152472
 
Tom, Ericsson is slated to cut 10,000 jobs over 2 years as a result of poor profitability.The infocom division and all radio axcess as well as fixed wire networks are effected.Could this mean a downward trend is beginning to rear its ugly head due to an absent CDMA product offering? No doubt this report has rattled telecom equitment stocks generally draging down even the CDMA equitment makers.Most mutual fund managers don't realize yet the difference in product offerings.
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