Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jill who wrote (56286)	12/23/1999 11:26:00 AM
From: Jenne	Read Replies (1) \| Respond to of 152472

RESEARCH ALERT - Qualcomm <QCOM.O> NEW YORK, Dec 23 (Reuters) - Credit Suisse First Boston reiterated its buy rating on Qualcomm Inc., while Lehman Bros. raised its price target to $520 a share from $450. Qualcomm shares dropped on Wednesday after it announced it sold its unprofitable handset unit to Japan's Kyocera Corp <6971.OS>. -- CSFB analyst Marc Cabi said, "We now expect Qualcomm to focus more attention to developing 3G technologies and expanding its more profitable CDMA chipset and licensing businesses." -- Lehman analyst Tim Luke said, "We view this transaction as a major strategic positive for Qualcomm. We believe Kyocera was Qualcomm's preferred choice, despite widespread speculation surrounding other potential bidders." -- Shares were trading at 470, down 15-7/16, in early Nasdaq trading. REUTERS Rtr 10:49 12-23-99 file://Begin Meta Data// Selector Code: reutr Copyright 1999, Reuters News Service ...