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

To: Rhino Ray who wrote (64523)	1/26/2000 2:10:00 PM
From: T L Comiskey	Read Replies (2) \| Respond to of 152472

Wednesday January 26, 1:52 pm Eastern Time Qualcomm says SnapTrack to be accretive next year LOS ANGELES, Jan 26 (Reuters) - Qualcomm Inc.'s (NasdaqNM:QCOM - news) purchase of SnapTrack Inc., a maker of mobile phone location software, should add to earnings by next year, the wireless technology company's Chief Operating Officer Richard Sulpizio said on Wednesday. Qualcomm, which is the leader in code division multiple access (CDMA) wireless technology, announced on Wednesday it was buying privately held SnapTrack for $1 billion in stock in a deal that would help it offer customized services to mobile phone users. ``From an accretive point of view, next year it should definitely turn accretive,' Sulpizio told Reuters in an interview. He gave no further details about the financial impact of the purchase. SnapTrack developed a technology known as the Wireless Assisted Global Positioning System (GPS) that uses satellites to pinpoint wireless devices, including inside buildings where conventional GPS does not operate. Sulpizio added that Qualcomm would start integrating SnapTrack software into its phone chips by next year, saying, ``This really puts us at the forefront of wireless locating services.' The acquisition also will help Qualcomm comply with a U.S. Federal Communications Commission order that by 2001 all mobile phones in the United States be equipped so that emergency 911 services can quickly locate the callers. Shares in Qualcomm, which soared more than twentyfold last year to become one of the best-performing stocks on the Nasdaq, fell about 20 to around 129 on Wednesday after it warned the previous day that shipments of CDMA chips and phones could fall in the current quarter from last quarter.