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


To: Pete Jackson who wrote (40850)9/14/1999 9:29:00 AM
From: slacker711  Read Replies (1) | Respond to of 152472
 
QUALCOMM is considering several strategic options for its terrestrial-based phone business that currently holds an industry leading position in CDMA handsets. With increased competition, parts shortages and industry consolidation reducing margins in consumer products, QUALCOMM desires to transition the business to a manufacturer that will support its customer base and employees while providing economies of scale, a strong purchasing base and other operating efficiencies. Discussions are underway with a number of companies that have expressed interest.

Let the analysis begin....Who and for how much. Personally my first reaction is that I am rooting for a JV rather than an outright sale.

Slacker



To: Pete Jackson who wrote (40850)9/14/1999 9:31:00 AM
From: MileHigh  Respond to of 152472
 
What do you know, they are going to sell it off!

This press release it packed with great news.

One major point being, "Build the highway Baby"

MileHigh



To: Pete Jackson who wrote (40850)9/14/1999 9:45:00 AM
From: JGoren  Read Replies (1) | Respond to of 152472
 
Qcom at 159 up 5.375, running between upper 158 and up 6, over 159; lots of trades floating on cnbc; see one at 160; now 161

press release gives indication why Supulzio pulled out of conference, imho; too many other, more important irons in the fire that required his attention
10,000 shares just crossed at above 162.25 up over 8-3/4 at 9:54 EST

guy on cnbc saying watch for weakness in wireless; handsets commoditized and prices high

15,000 shares just crossed a little below 162 10am



To: Pete Jackson who wrote (40850)9/14/1999 10:10:00 AM
From: 16yearcycle  Respond to of 152472
 
That is a beautiful press release. It really is interesting that they chose to make a statement. Congratulations to those who didn't blink.