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

To: RoseCampion who wrote (35957)	7/19/1999 10:06:00 PM
From: Kayaker	Respond to of 152472

From Smartmoney.... (RC, your WSJ story from Yahoo - confirmed.) smartmoney.com Qualcomm blew away the Street?s consensus estimate of 63 cents a share. After the bell, the company said that third-quarter earnings rose 441% to 75 cents a share from a year ago. The results excluded a one-time charge of $117 million, related to the sale of its CDMA (code division multiple access) infrastructure business to Smartmoney pick Ericsson. Revenue jumped 15% to $1 billion. During the quarter, Qualcomm gained the second leading position in the digital phone market, according to Dataquest. Last week, the company was added to the S&P 500. Revenue in the quarter was in line with estimates, but profit margins really surprised, says Banc of America Securities analyst Mark McKechnie. Royalty payments from the sale of CDMA handsets was the main revenue driver, he added.