Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jon Koplik who wrote (49698)	11/13/1999 8:00:00 AM
From: Kent Rattey	Read Replies (1) \| Respond to of 152472

Qualcomm price target raised again Stock up nearly 68 percent this month already By Tomi Kilgore, CBS MarketWatch Last Update: 5:23 PM ET Nov 12, 1999 Telecom Report SAN DIEGO (CBS.MW) -- Encouraged by the prospect that Qualcomm will be selling its digital phone business, J.P. Morgan lifted its price target for the company from $314 to $460. Qualcomm's (QCOM: news, msgs) stock continued its mercurial rise, closing Friday up 32 1/2 to 378 on volume of 18.2 million shares. In a research note, J.P. Morgan said that the eventual sale of the Qualcomm's digital phone business is "likely to be structured in a very positive manner for Qualcomm -- likely fueling its CDMA chip and royalty business segments for the next several years." Qualcomm, based in San Diego, is the U.S.'s No. 2 supplier of digital phones after Nokia. The company also offers a global positioning system used by the trucking industry to monitor truckers on the road. The stock is currently up nearly 68 percent this month, and up roughly 1,342 percent year-to-date. Tomi Kilgore is an online reporter for CBS MarketWatch.