CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST! Message Board

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Technology Stocks : CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST!

QCOM 175.25

+0.6%

Dec 19 9:30 AM EST

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To: Jim Lurgio who wrote (1532)	1/20/1997 9:13:00 AM
From: tom r. phillips	of 1819

QCOM earnings: .13; rev. up %165 (Sprint Spectrum rev. not yet recog.) 1/20/97 QUALCOMM Reports Record Sales and $.13 E.P.S. For First Quarter SAN DIEGO - January 20, 1997 - QUALCOMM Incorporated (NASDAQ: QCOM) today reported revenues for the first quarter of fiscal year 1997 of $389 million, up 165 percent from the year ago quarter of $147 million. The first quarter's net income was $9 million or $.13 per share compared with $10 million or $.15 per share for the same period in fiscal 1996. No revenue was recognized in the quarter on shipments of base stations to Sprint Spectrum L.P. (SSLP) as the equipment has not been placed into commercial service. These shipments are included in inventory.

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