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Technology Stocks : QUALCOMM-The Wireless Wonder in 1999 -- Ignore unavailable to you. Want to Upgrade?

To: GO*QCOM who wrote (195)	4/19/2000 8:32:00 AM
From: GO*QCOM	Respond to of 343

Wireless Knowledge Strengthens Corporate Management Team With Addition Of New Chief Financial Officer SAN DIEGO, April 19 /PRNewswire/ -- Wireless Knowledge, Inc., a Microsoft Corp. (Nasdaq: MSFT - news) and QUALCOMM Incorporated (Nasdaq: QCOM - news) company that brings wireless data to mobile business workers, today announced the appointment of David Morash as chief financial officer. Morash will be responsible for all areas of Wireless Knowledge's financial management, including financial planning, accounting, tax, risk management, business analysis and investor relations. Morash will also oversee the company's human resources, operations, and legal departments, including contract development. Morash's executive management experience includes strategy development, accounting, legal, information technologies, insurance, M&A, capital formation and allocation, cost control, investor relations, human resources and risk management. Most recently, he served as executive vice president and chief financial officer of Safeskin Corporation where he was a member of the executive management team responsible for creating and leading the international accounting function, finance and treasury, tax, investor relations, human resources, risk management, information technology and legal aspects of the business. Prior to joining Safeskin Corporation in 1994, Morash was the founder and managing director of Bedford Management Group, specializing in assisting small- to medium-size firms manage operational and strategic issues. Morash also served as vice president and treasurer of Merrill Lynch Realty, the largest publicly traded residential and relocation management firms in the U.S., and as vice president of business investment of Primerica Corporation (now CitiGroup), a diversified financial services company. Morash began his career with Chemical Bank, holding various positions culminating in group head, petroleum and minerals division. Morash is a graduate of Columbia University and received his Masters of Business Administration from Columbia Graduate School of Business. About Wireless Knowledge Wireless Knowledge, Inc., a Microsoft and QUALCOMM company, provides platforms and services to corporate customers and application providers to enable applications for the mobile Internet. The company's products deliver productivity and compelling mobile solutions to business users, providing personally relevant, business-critical information and applications using any device, over any network or airlink. For more information on Wireless Knowledge, please visit the company Web site at www.wirelessknowledge.com. Revolv is a service mark of Wireless Knowledge. Microsoft and Microsoft Exchange are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries. Other product and company names herein may be trademarks of their respective owners. SOURCE: Wireless Knowledge Inc.

To: GO*QCOM who wrote (195)	4/19/2000 8:34:00 AM
From: GO*QCOM	Read Replies (1) \| Respond to of 343

Qualcomm lifted by strong quarter Inktomi turns a profit; IBM, Intel lower after earnings By Tomi Kilgore CBS MarketWatch Last Update: 8:20 AM ET Apr 19, 2000 NewsWatch Market Pulse NEW YORK (CBS.MW) -- Shares Qualcomm surged in pre-market trading Wednesday after the company's second-quarter results exceeded Wall Street's estimates. Today on CBS MarketWatch Earnings enthusiasm stirs Nasdaq to record gain Qualcomm earnings up 74 percent RealNetworks drives past targets Inktomi turns a profit Siebel doubles sales More top stories... CBS MarketWatch Columns Updated: 04/18/2000 5:12:04 PM ET The stock (QCOM: news, msgs) rallied 9 1/16 to 121 1/4 in Europe, according to market makers at Madoff Investment Securities. Late Tuesday, the developer of digital wireless communications products based on its CDMA technology said earnings per share were for the quarter were 26 cents, besting last year's 18-cents-per-share profit. A First Call survey of analysts was expecting a 24 cent profit. See related story. Revenue for the quarter reflected lower shipments of the company's mobile station modem phone chips, but Qualcomm said that industry inventories appear to have returned to normal levels. The company also said it expects to meet earnings per share of 27 cents for the third quarter. Inktomi (INKT: news, msgs) powered 10 higher to 126 in Instinet trading. The Internet software infrastructure company Inktomi reported its first-ever quarterly profit late Tuesday, saying it earned a penny a share. First Call was expecting the company to lose 2 cents. Inktomi was not only profitable this quarter but at the same time generated $6 million in positive cash flow. "That's very unusual for a company in its first quarter of profitability to also have positive cash flow," according to David Peterschmidt, Inktomi's chief executive. See related story. Shares of IBM (IBM: news, msgs) took 8 1/8 off their NYSE close to 107 in Instinet. The stock closed at 111 1/2 in composite trading late Tuesday. Big blue beat first-quarter earnings estimates by a nickel when it reported it made 83 cents per share after Tuesday's close. However, revenue came in at $19.3 billion compared with the $20.3 billion it took in in the year-ago period. See related story. Intel's stock (INTC: news, msgs) gave back 4 to 125, said Madoff. In the last two trading sessions, the stock had piled on gains of 17 percent. The chip giant reported after Tuesday's close that net income for the first quarter reached $3.1 billion, or 88 cents a share, excluding acquisition-related charges. The company was expected to report a first-quarter profit of 69 cents a share, according to First Call. Revenue hit $8 billion, up 13 percent from the same period last year. See related story. America Online (AOL: news, msgs) tacked 1 1/4 onto its NYSE close to 61 3/4, said Madoff. The composite close was 60 3/4. The Internet services behemoth reported late Tuesday earnings of $271 million, or 11 cents a share, compared with earnings of $104 million, or 4 cents a share, for the same period last year. First Call expected a 9 cent profit. See related story. Much of the upside surprise in the top- and bottom-line results came from higher-margin advertising and e-commerce sales as AOL added more subscribers and kept current members online longer. Lucent Technologies (LU: news, msgs) edged 1/4 above its composite close to 59 1/2 in Instinet. The communications equipment giant said net income in its second quarter was 23 cents a share. That topped last year's performance and First Call estimates by 6 cents and 1 cent, respectively. Revenue jumped to $10.3 billion, 17-percent better than last year, propelled by wireless and Internet infrastructure sales. See related story. Copper Mountain Networks (CMTN: news, msgs) climbed 9 5/8, or 14 percent, to 77 15/16 over the Island ECN. The provider of digital subscriber line technology reported late Tuesday that it made 20 cents a share in the first quarter, blowing away First Call estimates of 12-cent earnings. Last year, the company earned a penny. Analyst Tim Savageaux at WR Hambrecht followed by reiterating his "strong buy" and $100 price target on the stock, adding he expected "significant developments on the new product and feature front" to augment its core business. Cisco Systems (CSCO: news, msgs) advanced 1 to 70 1/4 and SBC Communications (SBC: news, msgs) added 1/2 to its NYSE close to 41 5/8, said Madoff. SBC's composite close was 41 1/2. The two companies announced early Wednesday a mulit-billion-dollar sales and market alliance in which Cisco will become SBC's preferred provider of networking gear. See related story. Throughout the next year, SBC will deploy Cisco equipment into its voice, broadband data and network integration services. Tomi Kilgore is a reporter for CBS MarketWatch.