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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.01-0.3%Nov 14 9:30 AM EST
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To: Philip Merryman who wrote (194)11/12/1996 3:43:00 PM
From: Philip Merryman   of 152472
 
At today's PrimeCo press conference the following were mentioned:

1. If a PrimeCo PCS customer goes beyond 80% of a self-determined monetary limit in their account balance, PrimeCo will send a text message to the phone to alert the customer.

2. A PrimeCo PCS customer can determine their current account balance at any time by simply pressing a button on the PCS phone and having PrimeCo return a text message to the PCS phone stating the balance.

3. PrimeCo will sell the Qualcomm Personal Electronics (QPE) phone in a plastic wrapped package. The customer activates the phone and establishes an account by making their first call from the QPE phone to PrimeCo. Activating the phone and establishing the account should take less than 10 minutes. The QPE phone will be $199 and the customer will not be required to sign a long-term service agreement.

4. Dr. Irwin Jacobs, Chairman and CEO of Qualcomm, stated that QPE has just reached a production capacity of 200,000 phones per month.
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