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

To: Manx who wrote (55233)	12/20/1999 3:33:00 PM
From: Manx	Respond to of 152472

December 20, 1999 2:16 PM Salomon Says Qualcomm Will Sell Handset Biz by End of Week By Monica Rivituso AFTER PREVIOUSLY SAYING it was looking to sell its money-losing handset business by the end of the year, Qualcomm (QCOM) could make such an announcement by the end of the week, according to Salomon Smith Barney. This, the firm says, would be a "big plus for the stock." Not that Qualcomm needs much help. Since the beginning of the year, the wireless-technology company has soared a whopping 1,654% to $455 a share. With the stock getting another pop today, up 3% to $468.50, we're looking at yet another all-time high. Why all the enthusiasm for Qualcomm? The company is widely considered to have technology ? code-division multiple access (or CDMA) ? that will become the standard for the boom in wireless Internet service. But while Qualcomm might have a gem in CDMA, its handset business has dragged down margins. Since Qualcomm has indicated that the criteria for selecting a buyer would be the impact on its customers and employees, Salomon said the price tag is the last consideration in this deal. "We would be surprised if the sales price was not significantly less than $750 million," the firm said. Qualcomm could sell its handset division to one of the top mobile phone manufacturers, like Nokia (NOK), Motorola (MOT) or Ericsson (ERICY), or to a second- or third-tier maker. But Salomon expects Qualcomm to sell the research and development group from its mobile division to Nokia, with the actual manufacturing facilities being sold to one of the Japanese manufacturers. "We believe this outcome should be well received by the financial community," Salomon said. << BREAKING NEWS ARCHIVE

To: Manx who wrote (55233)	12/20/1999 4:03:00 PM
From: 2brasil	Read Replies (1) \| Respond to of 152472

volume pretty good 5,700,000

To: Manx who wrote (55233)	12/20/1999 4:53:00 PM
From: JGoren	Read Replies (2) \| Respond to of 152472

Dr. J., when asked about what uses the extra shares can be put to, said there was nothing contemplated now. He then said the typical things that are possible, issue shares for an acquisition, and then said something like this, "then there is another use that I think some of you in this room are thinking of." I took that to mean a stock dividend to get the share price down further in view of the tremendous runup that practically no one realistically thought would be so high, so fast. If the stock goes to 150 post-split, then I see a stock dividend at Annual Meeting time.