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

To: Cooters who wrote (70963)	4/20/2000 12:36:00 AM
From: LBstocks	Read Replies (1) \| Respond to of 152472

6. QUALCOMM INCOME EXPLODES Qualcomm (QCOM, $115, up 3, after touching $125) posted a 74 percent gain in second-quarter profit Tuesday, topping Wall Street estimates following the sale of its phone business and despite lower chip shipments. Net income rose to $207 million from $119 million a year ago. Revenue increased 16 percent to $649 million from $558 million during the second quarter last year.. The firm posted net income of $200 million, or $0.25 a share, in the Q vs. a year-ago net loss of $43 million, or $-0.07 a share. COMMENT: Powerful quarter. 33% after tax. Wow. Awash in cash. The CEO was on CNBC and looked good. The stock is still almost 45% off its high of $200. The Bull Market Report bull-market.com.