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

To: JGoren who wrote (40998)	9/14/1999 2:10:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

MOT?> THE INDEPENDENT SOURCE FOR WIRELESS INDUSTRY NEWS September 14, 1999 September 14, 1999 Qualcomm to sell handsets unit SAN DIEGO—Qualcomm Inc. said discussions are under way with a number of companies willing to purchase its Code Division Multiple Access handset division. ‘‘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,'' Qualcomm said in a statement after months of denying speculation that it was selling off its handset business. Analysts have known for months Motorola Inc. and Siemens Wireless Terminals had been in discussions with Qualcomm.