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To: Dealer who wrote (5956)3/3/2000 7:37:00 AM
From: Dealer  Respond to of 35685
 
QUALCOMM Completes Acquisition of Wireless Location Leader SnapTrack
PR NEWSWIRE - March 02, 2000 15:46
SAN DIEGO, Mar 2, 2000 /PRNewswire via COMTEX/ -- QUALCOMM Incorporated (Nasdaq: QCOM), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced that it has completed the acquisition of SnapTrack Inc. of San Jose, Calif., a leader in wireless position location technology. The acquisition provides QUALCOMM with SnapTrack's patent portfolio of nearly 50 patents, either issued or pending, that are critical to the efficient, cost-effective deployment of Wireless Assisted GPS systems. QUALCOMM paid $1 billion in stock for the acquisition of SnapTrack, and the company is now a wholly owned subsidiary of QUALCOMM.

"We are pleased to announce the completion of the acquisition of SnapTrack," said Dr. Irwin Mark Jacobs, chairman and CEO of QUALCOMM. "The combined capabilities of QUALCOMM and SnapTrack will enable broad new applications for mobile location-based services and wireless Internet systems."

The acquisition, which will be accounted for as a purchase, is expected to result in a non-recurring charge for in-process R&D during the second quarter of fiscal 2000. Excluding in-process R&D and the amortization of goodwill and other acquired intangible assets which will be amortized over four years, the acquisition is expected to be $.02 dilutive to QUALCOMM's earnings in fiscal 2000 and accretive to earnings in fiscal 2001.

The combined QUALCOMM and SnapTrack technology will accelerate the introduction of powerful location-enabled mobile devices, including smart phones, PDAs and pagers, which will help find wireless 9-1-1 callers for emergency purposes, or provide customized location-specific services either directly to the user or via wireless Internet applications and services. The solution is targeted for wireless applications worldwide and will be designed and is patented to operate in existing CDMA, PDC, GSM, TDMA and iDEN networks, and new third generation CDMA systems.

SnapTrack's employees, including its strong engineering base, will remain in San Jose, Calif. supporting a development center for wireless location products.

QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. The Company's business areas include integrated CDMA chipsets and system software; technology licensing; Eudora(R) email software for Windows(R) and Macintosh(R) computing platforms; and satellite-based systems including OmniTRACS(R) and portions of the Globalstar(TM) system. QUALCOMM owns patents which are essential to all of the CDMA wireless telecommunications standards that have been adopted or proposed for adoption by standards-setting bodies worldwide. QUALCOMM has licensed its essential CDMA patent portfolio to more than 75 telecommunications equipment manufacturers worldwide. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 1999 FORTUNE 500(R) company traded on the Nasdaq under the ticker symbol QCOM.

Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including timely product development, the Company's ability to successfully manufacture significant quantities of CDMA or other equipment on a timely and profitable basis, and those related to performance guarantees, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 26, 1999, and most recent Form 10-Q.

QUALCOMM, OmniTRACS and Eudora are registered trademarks of QUALCOMM Incorporated. Globalstar is a trademark of Loral QUALCOMM Satellite Services, Incorporated. Windows is a registered trademark of Microsoft Corp. Macintosh is a registered trademark of Apple Computer Inc. All other trademarks are the property of their respective owners.

SOURCE QUALCOMM Incorporated



To: Dealer who wrote (5956)3/3/2000 9:00:00 AM
From: Dutch  Respond to of 35685
 
Might be a good day to buy WIND.

3/3/00 7:54 am
Msg: 9217 of 9243
March 3, 2000 6:43am

STOCKS TO WATCH: Ariba, Fairchild and Wind River

By Larry Barrett ZDII

Expect the following technology stocks to be among Friday's most actively traded issues: Ariba, Fairchild Semiconductor, GLobal Crossing and Wind River Systems.

Ariba Inc. (Nasdaq: ARBA)
Ariba shares figure to take off Friday after it announced its second 2-for-1 split in the past three months after the bell.

Its shares closed up 19 13/16 to an all-time high of 299 11/16 ahead of the announcement.

Company officials said the split will take effect around March 31 for all shareholders of record on March 20. After the split, the business-to-business e-commerce services provider will have more than 184 million shares outstanding.

In its latest quarter, Ariba topped analysts' estimates, posting a loss of $5.6 million, or 7 cents a share, on sales of $23.5 million.

Fairchild Semiconductor Corp. (NYSE: FCS)
Expect Fairchild Semiconductor to attract more than its usual amount of attention Friday after CFO Joe Martin told analysts the chipmaker said it will double its annual sales by 2002.

Martin made the bold projection late Thursday at the Robertson Stephens Tech 2000 conference in San Francisco.

"Our market is strong and our growth strategy is in place," Martin said. "The total available market for those semiconductors belonging to the multi-market segment is expected to reach $60-billion by 2002, according to the Semiconductor Industry Association. Fairchild, with its strong emphasis on new product development and strategic acquisitions, is poised to capitalize on this opportunity.'

Its shares closed off 1 11/16 to 38 7/16 Thursday.

Global Crossing Ltd. (Nasdaq: GBLX)
The worldwide voice and data communications network appointed Leo Hindery as chief executive, replacing Bob Annunziata, who will remain a director. Hindery will retain his position as chief executive of Global Crossing's GlobalCenter Inc. Web-hosting unit, for which Global Crossing intends to issue a tracking stock, the company said. Global Crossing rose 3 7/16 to 54 3/8

Vishay Intertechnology Inc. (NYSE: VSH)
The maker of electronic components said its chief financial officer told a technology conference today that first-quarter profit will be at least 20 percent above analyst estimates of 44 cents a share. Vishay fell 2 5/16 to 46 1/16 at Thursday's close.

Wind River Systems Inc. (Nasdaq: WIND)
It could be a long day for Wind River shareholders Friday after the software developer fell short of analysts' estimates in its fourth quarter, earning $8.9 million, or 19 cents a share, on sales of $53.4 million.

First Call consensus expected it to pocket 21 cents a share in the quarter.

Its shares fell 3 1/2 to 57 ahead of the earnings report.

The $53.4 million in sales marks a 36 percent improvement from the year-ago quarter when it earned $8.5 million, or 19 cents a share, on sales of $39.2 million.

For the year, it raked in $27.2 million, or 61 cents a share, on sales of $171.2 million, up 30 percent from fiscal 1998 when it earned $26.1 million, or 60 cents a share, on sales of $132 million.

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