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To: Dealer who wrote (15973)	4/24/2000 8:23:00 AM
From: candide-	Respond to of 35685

Qualcomm Takes 10 Pct Netzero Stake SAN DIEGO (Reuters) - Qualcomm Inc. (NasdaqNM:QCOM - news) said Monday it has invested $144 million in NetZero Inc.(NasdaqNM:NZRO - news) for a 10 percent stake in the advertising-supported, free Internet access provider. The wireless communications company now owns about 11.5 million shares of NetZero that were bought at about $12.50 a share. Speak your mind Discuss this story with other people. [Start a Conversation] (Requires Yahoo! Messenger) ``Through this investment, Qualcomm's core wireless and Internet competencies can be combined with the innovative technologies, business models and revenue streams that NetZero has developed to drive wireless Internet adoption,' Paul Jacobs, executive vice president of Qualcomm, said in a statement. NetZero will also distribute Qualcomm's Eudora e-mail management software as the preferred email program for its users. The two companies will share the revenue generated by advertising in copies of Eudora distributed by NetZero. Terms of the ad revenue sharing agreement were not disclosed. Shares of NetZero closed Thursday at 8 9/32 and shares of Qualcomm closed at 109 1/2