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

To: JGoren who wrote (50257)	11/16/1999 1:20:00 AM
From: Ruffian	Respond to of 152472

South Korea> S. KOREA RESPONSIBLE FOR QUALCOMM'S RECORD NASDAQ GAINS MONDAY, NOVEMBER 15, 1999 11:18 PM - Asia Pulse SEOUL, Nov 16, 1999 (Asia Pulse via COMTEX) -- South Korea is the reason behind Qualcomm's record performance on the NASDAQ market as the company's biggest buyer of digital cellular CDMA technology, securities experts here said Tuesday. A Qualcomm share closed at $378 Friday, far ahead of Internet blue chips America Online (US$148.50) and Amazon.com (US$74.94). The CDMA creator's stock prices shot up 1,359 percent from $32.91 in January, while those of AOL and Amazon gained 91.5 percent and 40 percent, respectively, from $87.88 and $58.47. The key NASDAQ index advanced 46.9 percent from 2,192.69 points to 3, 221.15 during this period. Securities experts here said the ever-growing demand and rally of South Korea's cellular equipment industry and service operators are the biggest contributors to Qualcomm's outstanding performance. The country is completely dependent on Qualcomm's CDMA technology for its cellular operations and as long as its demand continues, the company's stock rally will go on, one expert said. (Yonhap) (C) 1999 Asia Pulse Pte Ltd