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

To: 2brasil who wrote (55527)	12/21/1999 4:58:00 PM
From: Kent Rattey	Respond to of 152472

Qualcomm tests 500 level By Brenon Daly, CBS MarketWatch Last Update: 4:42 PM ET Dec 21, 1999 Market Pulse Movers & Shakers SAN DIEGO (CBS.MW) -- Shares of Qualcomm crossed a historic milestone Tuesday, poking above the 500 mark. The stock (QCOM: news, msgs) moved above that level in midafternoon action and changed hands as high as 500 7/8. At that point, the market valued the wireless telecommunications company at $82 billion. At the close of Tuesday trading, the stock stood at 496 7/8, up 30 1/8. The stock has enjoyed a massive run-up in recent months (see chart above), in large part owing to bullish outlooks from telecom-stock analysts. On Tuesday, J.P. Morgan raised its price target for Qualcomm shares to $570 from $460. The company has set a 4-for-1 stock split at the end of the year.