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

To: Andy Yamaguchi who wrote (50690)	11/17/1999 1:58:00 PM
From: Ruffian	Respond to of 152472

Complete Statement on handset division> Qualcomm CEO Says Telephone Handset Ops' Sale Nears NEW YORK -- Qualcomm Inc. (QCOM) Chief Executive Irwin Jacobs said the company is close to finalizing the sale of its telephone handset business. "These negotiations are proceeding well," he said. "We still hope to conclude an agreement before the end of the year, but it will probably close in the first quarter of next year." Jacobs, who was speaking Wednesday morning at the Warburg Dillon Read Global Telecom Conference in Manhattan, didn't specify the purchaser. Jacobs also provided analysts with the company's goals for the upcoming year and said he expects first-quarter per-share earnings in the mid-90-cents range. The First Call/Thomson Financial consensus estimate is the San Diego telecommunications-equipment maker will earn 95 cents a diluted share in both the first and second quarters, excluding one-time items. Jacobs said the company continues to see strong revenue from its CDMA wireless phone technology patent and has hopes it will be the third-generation standard in telecommunications. -By Johnathan Burns, Dow Jones Newswires, 201-938-2020