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

To: Boplicity who wrote (40933)	9/14/1999 11:53:00 AM
From: MileHigh	Respond to of 152472

Tuesday September 14 11:21 AM ET Qualcomm Mulls Options On Land-Based Phone Business SAN DIEGO (Reuters) - Wireless telecommunications equipment maker Qualcomm Inc. (Nasdaq:QCOM - news) said Tuesday it is considering ''several strategic options'' for its land-based phone business, citing increased competition, parts shortages and shrinking profit margins. The company said in a statement that discussions were under way with several interested parties and that it hoped to enter into an agreement before the end of the calandar year. Qualcomm also said it expects its earnings for the fiscal fourth quarter will meet or exceed analysts estimates of 87 cents a share. The consensus estimate for the fiscal quarter ending Sept. 27 was 88 cents a share, as compiled by First Call/Thomson Financial. Qualcomm earned 75 cents a share in the previous quarter and 27 cents a share in last year's fiscal fourth quarter. The company added that it plans to reduce expenses further and take further steps to increase margins, which may result in a non-recurring charge to earnings.

To: Boplicity who wrote (40933)	9/14/1999 11:54:00 AM
From: MileHigh	Read Replies (1) \| Respond to of 152472

Frm Mid-day movers~ Wireless communications company Qualcomm Inc. (NASDAQ:QCOM - news) gained $10.50 to $163.88 after expressing optimism that it will meet or exceed analysts' fourth fiscal quarter estimates of $0.87 per share. The company based its outlook on strong demand for its chipsets and phones as well as the current performance of its business units. Qualcomm also said it plans to increase its focus on manufacturing in order to take advantage of economies of scale and other operating efficiencies. The company's goal is to enter an agreement with a manufacturing company by the end of the year.