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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 179.02

+3.7%

Nov 5 3:59 PM EST

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To: Clarksterh who wrote (24980)	3/25/1999 11:45:00 AM
From: Jeff Vayda	Read Replies (3) of 152472

Clark, from the Qualcomm press release - 'With the resolution of 3G and the cross-licensing of our patents, QUALCOMM and ERICSSON have paved the way for the expansion of global CDMA-based wireless communications,'' said Dr. Irwin Mark Jacobs, chairman and chief executive officer of QUALCOMM Incorporated. ''ERICSSON's purchase of our infrastructure division underscores its commitment to CDMA, and allows ERICSSON, one of the world's leading telecommunications equipment manufacturers, to expand its CDMA capabilities. QUALCOMM can now focus on its core businesses, including CDMA phones and chipsets, the Globalstar and OmniTRACS systems and new opportunities in digital cinema, wireless data and Eudora products and services.'' Core Business of CDMA phones, Did the Q trade infrastructure for phones? If that is the agreement (the reason for Eric's less than inspiring new offerings?) and the Q can start up 3 or 4 plants next week, I would be more inclined to say the deal is a long term positive. Jeff Vayda

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