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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: The Prophet who wrote (34152)	7/7/1999 2:29:00 AM
From: Anthony	Read Replies (3) \| Respond to of 152472

Sony hangs up on wireless Look like the Q will be buying up un-used manufacturing space very soon. Make sense, capacity constrain now with this no more. Thin phone demand going thru the roof. Look like rumor about phone business for sale is not true after all. Company to end North American wireless phone business July 07, 1999: 12:29 a.m. ET SAN DIEGO (Reuters) - Sony Digital Telecommunications of America, an affiliate of Sony Corp., said Tuesday it will discontinue its North American wireless phone business and lay off 200 employees at its San Diego center. The company, which employs 3,500 people at its Sony Technology Center in San Diego and 25,000 staff throughout North America, expects to complete the pull out by the end of September. "Wireless technology is indispensable for Sony to create a new IT-telecommunications world in the digital network era," Katsumi Ihara, president of Sony's global Digital Telecommunications Co. in Tokyo, said in a statement. "Sony will continue with its efforts to develop new products and technologies in this area, while supporting and reinforcing our current wireless business in Asia, Oceania and Europe." Sony also said it planned to continue its U.S.-based wireless telecommunications research activities in San Diego.