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

To: Gut Trader who wrote (52683)	12/6/1999 12:43:00 PM
From: DepyDog	Respond to of 152472

Canada's Certicom shares rocket on recent deals TORONTO, Dec 3 (Reuters) - Buoyed by a recent licensing deal and market enthusiasm for the wireless sector, encryption software developer Certicom Corp. <CIC.TO> hit a new 52-week stock high on Friday. Shares in the Toronto area-based firm added C$8.95 on the Toronto Stock Exchange to close at C$59, soaring above this year's previous peak of C$52.50. Its stock has added C$15.25, or 35 percent, from the TSENovember 26 close of C$43.75. Certicom sells security software and consulting services to manufacturers of wireless software and hardware systems, developers of hand-held appliances and electronic business systems. "It's just a general indication of where the direction of this stock is heading and the kind of deals they have," said Paul Lechem, analyst at CIBC World Markets in Toronto. "Where the stock goes from here and what route it takes that's a little less clear, but I think, certainly, that there's a future ahead of this company." Certicom announced on Wednesday a licensing deal with San Diego, California-based Qualcomm Inc. <QCOM.O>, which sells wireless phones. The details of the agreement weren't released, but Qualcomm is expected to use Certicom technology to secure a new line of mobile phones and devices that can connect with the Internet. A licensing deal was also announced with Emeryville, California-based database software firm Sybase Inc. <SYBS.O> on Monday. Certicom also supplies its technology to such firms as Santa Clara, California-based computer networking firm 3Com Corp. <COMS.O>, known for its Palm computing line, Schaumburg, Illinois-based telecommunications and technology firm Motorola Inc. <MOT.N> and BellSouth Corp.'s <BLS.N> wireless data division. "Are they talking to other companies? Are they talking to other major players? Yes," Lechem said. "It's really a play on the security in the wireless sector, the Internet sector, the e-commerce sector." Certicom reported on Wednesday second-quarter revenue of $2.6 million, a 196 percent gain over revenue of $0.9 million the same period last year. The firm also reported a second-quarter operating loss of $1.6 million, or 14 cents a share, compared to a $1.7 million loss, or 15 cents a share, in the first quarter. ($1=$1.48 Canadian) 16:57 12-03-99 Copyright 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.