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


To: Manx who wrote (51816)11/26/1999 10:59:00 PM
From: slacker711  Read Replies (1) | Respond to of 152472
 

From a TheStreet.com story talking about momentum investing....Did anyone else know this?

thestreet.com

Qualcomm is up 1,290% this year. In history, no other S&P 500 stock has ever come close to matching that performance.

Of course the Q was added in the middle of the year....but it is still an amazing stat.

Slacker



To: Manx who wrote (51816)11/27/1999 10:15:00 AM
From: Jenne  Respond to of 152472
 
Saturday November 27, 9:05 am Eastern Time
Cisco open to Ericsson partnership-paper
STOCKHOLM, Nov 27 (Reuters) - Cisco Systems Inc (NasdaqNM:CSCO - news), the world's biggest maker of computer networking equipment, said in remarks published on Saturday it believed the door was open to a strategic partnership with Sweden's Ericsson .

Theo Wegbrans, Cisco's Northern Europe head, said comments from Ericsson chief executive Kurt Hellstrom last week making clear that the Swedish telecoms equipment maker would focus on wireless technology made Cisco a logical partner.

''That makes us the logical complement to Ericsson,'' Wegbrans told Sweden's Dagens Industri daily in an interview.

''We hope that Ericsson will become our strategic partner...Hellstrom's comments indicate a new opening for cooperation,'' he added.

Cisco executives were unavailable for comment but Ericsson information head Pia Gideon said it was not clear to which remarks Wegbrans was referring.

''We are continuously looking around but are quite happy with the portfolio we have...we are sticking to our strategy of acquiring complementary small or medium-sized partners,'' she said. Last week Ericsson, which is the world's biggest maker of mobile systems, said it was not interested in buying Canada's Newbridge Networks.

Wegbrans said that while Cisco admired Ericsson's wireless strength, it was not so impressed with its datacom capacity and needed to shed excess weight to increase its stock market value.

''Ericsson is a crown jewel, with a lot of mud on it,'' Dagens Industri quoted him as saying.

Last week, Cisco announced a strategic partnership with Swedish telecommunications company Bredbandsbolaget (B2) to supply it with $200 million of networking equipment for its new high-speed Web access service. The partnership will enable B2 and Cisco to deliver high speed Internet access services to more than half a million households in Sweden.

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