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

To: Peter Sherman who wrote (47853)	11/4/1999 5:45:00 PM
From: Uncle Frank	Respond to of 152472

A commentary on Q from the Mercury News, Silicon Valley's favorite paper: Stock of the day Shares of Qualcomm Inc., leading the Standard & Poor's 500 index this year, rose to a record after the company said profit more than quadrupled and it set a 4-for-1 stock split. San Diego-based Qualcomm rose $35.69 to $260.50. The stock has surged almost 10-fold this year, giving the company, which developed the world's second-most popular cell-phone technology, a market value of $41.8 billion. The company said earnings will increase in the fiscal first quarter from the fourth quarter, with shipments of its wireless phones and chips again forecast to reach records. Qualcomm expects royalties from its code-division multiple access, or CDMA, technology to climb after doubling in the recent quarter.