Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 163.32

+2.3%

Nov 21 9:30 AM EST

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To: Ramus who wrote (20160)	12/21/1998 3:29:00 AM
From: jpbrody	Read Replies (1) of 152472

Motorola buys Lucent's handset business. The Wall Street Journal is reporting that Motorola is buying Lucent's wireless handset business. I guess this isn't really a problem for QCOM, since the Lucent handsets were a flop. However, it does mean that MOT is determined to get a decent product out in this area. Here's a clip from the article: People close to the situation say that while the deal includes a laboratory in Piscataway, N.J., it is essentially a bid for the expertise of about 300 highly regarded Lucent engineers. In fact, the entire deal was contingent on the engineers becoming Motorola employees. "The facility will be operated as a state of the art Motorola design center," said a spokesman. interactive.wsj.com (You must be a subscriber. I don't like to post the full text, because of copyright reasons.) -- Jim

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