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

To: Ruffian who wrote (37281)	7/27/1999 12:18:00 AM
From: Phil Wilson	Respond to of 152472

HP Provides Second HP RFIC Test System to QUALCOMM; QUALCOMM Shortens Time-to-Market for Manufacturing RF ASICs With RF/Analog/Digital Test Capabilities of HP 84000 Business Wire - July 26, 1999 11:15 PALO ALTO, Calif.--(BUSINESS WIRE)--July 26, 1999-- Hewlett-Packard Company today announced that QUALCOMM Incorporated, based in San Diego, purchased its second HP 84000 RFIC (radio frequency integrated circuit) test system within the past year. The system, worth more than a million dollars, provides the additional test capacity QUALCOMM needs to bring several new RF ASICs (application-specific integrated circuits) to market rapidly. QUALCOMM said it is using the HP 84000 test system to characterize its prototype RFIC devices and to transform evaluation-test information into production-test solutions for the company's contract manufacturers. "As the wireless industry embraces higher levels of device integration, HP is evolving its systems to meet more challenging test requirements for manufacturing complex wireless SOC (System-On-a-Chip) devices in volume," said John Scruggs, vice president and general manager of the Automated Test Group. According to Charlie Jones, director of engineering RF/analog IC production/test at QUALCOMM, key selection factors included "HP's excellent working relationship with QUALCOMM and our familiarity with the HP 84000 test platform. Another factor in our purchase decision was our desire to minimize any chance of our suppliers experiencing any quality or reliability problems with their test systems." QUALCOMM said it will use its new HP 84000 system to test highly integrated mixed-signal devices, such as the RFT3100, a device for wireless applications with analog and digital functionality that will interface with QUALCOMM's MSM (Mobile Station Modem) digital chip and provide signal modulations and frequencies for RF signal processing. "With several devices coming to market at once, we alleviated what could have been a very challenging time-to-market goal by getting a second HP 84000 test system," said Jones. "We are moving forward with a high degree of confidence, because we never have to worry about the level of support that we can expect from HP." About HP 84000 Series RFIC Test Systems HP 84000 Series RFIC systems lower the cost of test for integrated-circuit manufacturers in the rapidly growing RF-communications market by increasing throughput, speeding parts changeover and improving repeatability. HP 84000 Series RFIC measurement software uses a simple, graphical interface that includes predefined test-plan menus and forms. Designed as a state-of-the-art VXI platform, the HP 84000 Series can be easily expanded as RF integrated circuitry become more complex. The latest measurement software included with the HP 84000 Series (revision A.02.00) provides test enhancements that keep pace with wireless-device integration, providing mixed-signal capability and highly accurate RF performance. Information on HP's semiconductor test solution can be found on the World Wide Web at hp.com. About QUALCOMM QUALCOMM CDMA Technologies is the leading developer and supplier of CDMA chipsets, hardware and software solutions and tools with more than 40 million MSM chips shipped worldwide. The division supplies chipsets to the world's leading CDMA handset and infrastructure manufacturers including: Alps Electric Co., Ltd.; Casio Computer Co., Ltd.; Denso Corporation; Fujitsu Limited; Hitachi, Ltd.; Hyundai Electronics Industries Co., Ltd.; Kyocera Corporation; LG Information and Communications, Ltd.; Samsung Electronics Ltd.; Sanyo Electric Co., Ltd.; and Toshiba Corporation, among others. QUALCOMM Incorporated (Nasdaq:QCOM) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. The Company's major business areas include CDMA phones; integrated CDMA chipsets and system software; technology licensing; and satellite-based systems including OmniTRACS and portions of the Globalstar system. Headquartered in San Diego, Calif., QUALCOMM is a FORTUNE 500 company with fiscal 1998 revenues in excess of U.S. $3 billion. For more information, please visit the Company's web site at qualcomm.com. About HP Hewlett-Packard Company -- a leading global provider of computing and imaging solutions and services for business and home -- is focused on capitalizing on the opportunities of the Internet and the proliferation of electronic services. HP had computer-related revenue of $39.5 billion in its 1998 fiscal year. HP plans to launch a new company consisting of its industry-leading test-and-measurement, semiconductor products, chemical-analysis and medical businesses. These businesses represented $7.6 billion of HP's total revenue in fiscal 1998. With leading positions in multiple market segments, this technology-based company will focus on opportunities such as communications and life sciences. HP has 123,000 employees worldwide and had total revenue of $47.1 billion in its 1998 fiscal year. Information about HP, its products and the company's Year 2000 program can be found on the World Wide Web at hp.com. CONTACT: Hewlett-Packard Company Bob Durstenfeld, 408/553-6820 robert_durstenfeld@hp.com John Lucas, 408/553-7091 john_lucas@hp.com or QUALCOMM Christine Trimble, 619/651-3628 ctrimble@qualcomm.com

To: Ruffian who wrote (37281)	7/27/1999 12:39:00 AM
From: JGoren	Read Replies (1) \| Respond to of 152472

Short interest figures, if I read correctly, were as of June 15th. Looks like the shorts called; it just as the stock began recovering from the bottom of the last correction and got a 40% bump: 06/15/99 3,015,700 high 113 7/8 low 101 3/16 close 113 3/8

To: Ruffian who wrote (37281)	7/27/1999 5:15:00 AM
From: Doug R	Respond to of 152472

A large relative decrease in short interest usually results in a move up that can be thought of as a short squeeze. As anyone with enough experience knows, the top of a short squeeze is not a top based on fundamentals. When short covering dries up, the buying that produced that top does too. The best place to enter short then, is at the top of a short squeeze as a temporary buying vacuum is created. Fundamental buyers weren't paying those prices at the recent top...short coverers were as margin calls came in. IL violation is most often the result of a short squeeze. Most longs fail to recognize when a short squeeze has just driven a stock up. It looks like a "killer" move to them. It is. Doug R