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

To: Uncle Frank who wrote (65906)	2/3/2000 1:27:00 AM
From: Ruffian	Respond to of 152472

Qualcomm Sued by Former Workers Who Claim Age Discrimination By Daniel Taub Qualcomm Sued by Former Workers Who Claim Age Discrimination Los Angeles, Feb. 2 (Bloomberg) -- Qualcomm Inc., the best- performing stock in the Standard & Poor's 500 Index last year, is accused in a lawsuit of illegally firing workers, thus depriving them of stock options, because of their age. In a suit filed today in Los Angeles Superior Court, the four plaintiffs, all over the age of 40 when they lost their jobs, say they and other older workers were fired ''to facilitate the company's desired youthful mind-set and employee makeup.'' The suit was brought by James Curley of Hemet, California; Joseph Edwards of Valley Center, California; and Thomas Durante and Curtis Parker, both of San Diego, where Qualcomm is based. The suit seeks class-action status. Qualcomm officials couldn't immediately be reached to comment. The suit seeks damages of more than $500 million, but asked that the amount be doubled. It also seeks punitive damages to punish Qualcomm and deter other companies from similar conduct. Qualcomm, which makes cell phones and network equipment, said in February of last year that it would fire about 700 employees, or 6.3 percent of its workforce, to cut costs as it faces stiffer competition. Qualcomm rose 6 to 142 1/16.