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

To: Voltaire who wrote (55864)	12/22/1999 3:11:00 PM
From: Summit X	Read Replies (1) \| Respond to of 152472

Do you really think the likeable Dr. J would provide bad news two days before Christmas? All sorts of things run the market, but does he look like the kind of man who would let his grandQids down for XMAS? Just thinking out loud with no foundation..... SX

To: Voltaire who wrote (55864)	12/22/1999 3:15:00 PM
From: GO*QCOM	Read Replies (1) \| Respond to of 152472

Fasten your seatbelts everyone. Qualcomm may announce sale of phone unit To hold press conference after the markets close By Myra P. Saefong, CBS MarketWatch Last Update: 2:41 PM ET Dec 22, 1999 Movers & Shakers Market Pulse SAN DIEGO (CBS.MW) -- Qualcomm said it'll host a news conference Wednesday at 4:30 p.m. Eastern time regarding the sale of its phone business, one day after its shares tested the 500 milestone. Today on CBS MarketWatch Baby Bell wins key approval MapQuest shares fall after merger with AOL Corel stock on the rocks after warning Hardware sector plagued by 3Com decline StockWatch: Undervalued incubators More top stories... CBS MarketWatch Columns Updated: 12/22/99 1:17:54 PM ET Qualcomm (QCOM: news, msgs), a wireless telecommunications company, will hold a press conference in San Diego, Calif., and make an announcement regarding the sale of its phone business, the company said early Wednesday. Shares of the company slipped 6 1/8 to 490 3/4 in recent trading. Banc of America Securities analyst Mark A. McKechnie said he thinks Qualcomm's sale of its handset division will be announced at the press conference. The impact of such a sale is dependent on the buyer, according to McKechnie. He said he sees fiscal 2001 earnings per share for the company in the $5.25 to $7 range and a stock price as high as $700. "We sent out a media advisory that Qualcomm will host a press conference," a representative from Qualcomm said, adding that he could offer no additional comment. "Everything is on hold" until the conference, he said. On Tuesday, Qualcomm's stock hit a high of 500 7/8 and closed at 496 7/8, up 30 1/8. The stock has enjoyed a massive run-up in recent months (see chart), 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.