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

To: quidditch who wrote (46750)	11/1/1999 7:06:00 AM
From: 100cfm	Read Replies (1) \| Respond to of 152472

steve thanks for your response. but am curious as to why you think the sale will result in a charge to earnings.

To: quidditch who wrote (46750)	11/1/1999 7:58:00 AM
From: Jenne	Respond to of 152472

QUALCOMM RECEIVES FCC LICENSE RENEWAL AND APPROVAL FOR INCREASE IN OMNITRACS UNITS - 300,000TH OMNITRACS UNIT DONATED TO SAN DIEGO Science Center - PR NEWSWIRE - November 01, 1999 07:30 SAN DIEGO, Nov 1, 1999 /PRNewswire via COMTEX/ -- QUALCOMM Incorporated (Nasdaq: QCOM) today announced that the Federal Communications Commission (FCC) has approved an increase in the number of authorized mobile units in QUALCOMM's OmniTRACS(R) system from 250, 600 to 400,600. The FCC previously renewed the OmniTRACS system license for 10-years by extending it to February 2, 2009. To date, QUALCOMM has shipped over 300,000 OmniTRACS mobile information management system units worldwide. The 300,000th unit will be on display in the San Diego-based Reuben H. Fleet Science Center, an educational organization dedicated to furthering the public's understanding of science and technology. "We are very pleased with the extension to our system license," stated Phil White, president of QUALCOMM Wireless Business Solutions. "This is another confirmation of the value and vitality of our product and services to the transportation industry." The OmniTRACS system is a satellite-based mobile communications and tracking system that provides real-time messaging and position reporting between fleets and their operations centers. Based on QUALCOMM's Code Division Multiple Access (CDMA) technology, messages are sent, via satellite, through a Network Management Center to the customer's dispatch centers. The OmniTRACS system is an interactive, fully integrated information management system that includes two-way mobile communications, satellite tracking and fleet management software. The OmniTRACS system operates 24 hours a day, seven days a week, with ubiquitous coverage. With over a decade of expertise in providing fleet management products and services to the transportation industry, QUALCOMM currently has systems operating in the United States, Canada, Mexico, Europe, Russia, Middle East, Argentina, Brazil, China, Japan, Korea, and Malaysia. With over 5 million data transactions a day, QUALCOMM's Network Management Center is the worldwide leader in processing satellite-based messages. QUALCOMM Incorporated (www.qualcomm.com) 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(TM) system. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a FORTUNE 500(R) company traded on the Nasdaq under the ticker symbol QCOM. Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including timely product development, the Company's ability to successfully manufacture significant quantities of CDMA or other equipment on a timely and profitable basis, and those related to performance guarantees, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 26, 1999, and most recent Form 10-Q. QUALCOMM and OmniTRACS are registered trademarks of QUALCOMM Incorporated. Globalstar is a trademark of Loral QUALCOMM Satellite Services, Incorporated. All other marks are property of their respective owners.