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

To: waverider who wrote (51033)	11/19/1999 10:02:00 AM
From: Cooters	Read Replies (2) \| Respond to of 152472

<<Lordy, 3 point spreads on January calls>> Rick, There has been a 3 point spread on a variety of Nov calls for most of the month. I think the MM's have been singed over the last month and are using every tool available to get out of the fire. When's the last day? Cooters

To: waverider who wrote (51033)	11/19/1999 10:43:00 AM
From: CDMQ	Read Replies (1) \| Respond to of 152472

Ericsson at odds with Qualcomm over purchase Swedish firm intends to dispute sale price of infrastruture division By Mike Drummond STAFF WRITERDow Jones News Service contributed to this report. November 19, 1999 Swedish telecom giant Ericsson intends to dispute the sale price of the infrastructure division it bought from rival Qualcomm in May as part of a sweeping patent settlement between the two companies. The news comes as both companies have publicly tried to mend their long-time bitter relationship since the sale of the once-ailing Qualcomm unit, which reportedly sold for about $250 million. The sale and patent truce triggered a phenomenal stock-market run for Qualcomm, which has seen its shares rise 1,000 percent this year, and prompted the global wireless industry to coalesce around code division multiple access or CDMA, the wireless technology Qualcomm commercialized. The infrastructure unit builds base stations used to keep cell-phone calls connected. The division was bleeding $30 million a quarter. The news of Ericsson's decision to dispute the sale price was in a Qualcomm annual report filed Wednesday with the Securities and Exchange Commission. The information was on page 79 of an 84-page document. According to the filing, Qualcomm also has received notice from Ericsson that it intends to assert claims for indemnification under the purchase agreement. As part of the settlement, Qualcomm and Ericsson agreed to jointly support a single worldwide CDMA standard with three optional modes for the next generation of wireless communications. According to the filing, pursuant to the asset sale agreement, Qualcomm will extend up to $400 million in financing for possible future sales by Ericsson of certain types of infrastructure equipment and related services to specific customers in certain geographic areas. The two companies are having ongoing discussions aimed at potentially resolving Ericsson's claims, according to the filing. Qualcomm said in the filing that it believes "the claims are without merit" and it will "vigorously defend" its position. Qualcomm and Ericsson officials were not immediately available for comment. Copyright 1999 Union-Tribune Publishing Co.