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

To: Ruffian who wrote (71479)	5/4/2000 9:12:00 AM
From: T L Comiskey	Respond to of 152472

Ruff..... Thursday May 4, 7:09 am Eastern Time Company Press Release SkyDesk Receives $20 Million Investment Investment Marks Commitment to Development of Services for Wireless Market SAN DIEGO--(BUSINESS WIRE)--May 4, 2000--SkyDesk (formally @Backup), a provider of Internet storage solutions, today announced it has received $20 million in new funding from wireless industry leaders QUALCOMM Incorporated (Nasdaq:QCOM - news) and Hikari Tsushin, with each investing $10 million. The proceeds from the investment are expected to support the development of wireless products and services that will expand the management of electronic information using Internet-based technology. ``As wireless devices become more pervasive and demand for wireless Internet access increases, SkyDesk offers a conduit for storage and transferring information among devices,'' said Jeff Jacobs, senior vice president of Business Development, QUALCOMM. ``Our last round of investment came from storage companies EMC and ADIC. Additionally, the investment by these two wireless leaders supports our plans to support mobile devices,'' said Gary Sutton, SkyDesk CEO. ``We are committed to serving emerging markets and to applying our core competencies to new applications, including the wireless market.'' In addition to EMC, ADIC and Enterprise Partners, SkyDesk has received funding from Merrill Lynch, Cendant Corporation, Alta Partners, American Express and Crest Communications. About SkyDesk SkyDesk is an application service provider focused on delivering reliable, secure, easy-to-use and cost-effective data storage and document management solutions to small and medium-sized businesses and individual computer users. SkyDesk's services, which include @Backup, SkyFiler and SmartClone, enable users to protect, store, access and share their data. @Backup is an online data protection and storage service available on an annual subscription basis. SkyDesk offers the @Backup service directly through its Web site and indirectly through its marketing relationships with companies such as Dell, EarthLink, Excite@Home, Gateway, Hewlett-Packard and Intuit. SkyFiler is an Internet-based service that enables workgroups to securely share and collaborate on documents at any time and from any location. SmartClone is a service that allows users to move their computer configuration settings and preferences from one computer to another. For more information about SkyDesk, please visit www.skydesk.com. About Hikari Tsushin Hikari Tsushin, Inc. is a leading marketer, reseller and distributor of telecommunications services in Japan. Founded in 1988, Hikari works with long-distance carriers, cellular operators and Internet service providers to promote competition and consumer choice in the Japanese market. The company serves more than two million cellular subscribers through wholesale channels and 1,200 retail outlets. Hikari's Internet business is the fastest-growing Virtual ISP in Japan.

To: Ruffian who wrote (71479)	5/4/2000 9:56:00 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 152472

hey Ruff, QCOM is backfilling some more painful to keep hearing this but it is true a real strong base at 105-115 is needed for the summer run got a daily stochastic crossover happening now with QCOM this bear crossover is two days behind the NAZ similar crossover it is taking QCOM down today we saw 108 again good news is that volume is microscopic I was extremely amused yesterday when TomGalvin came out precisely when the NAZ was at a low, but more imporantly when the NAZ was touching the lower boundary of our new shorterm upchannel we have an intact upchannel in NAZ over the last three weeks it just saw a bounce yday off its lower boundary thank you, TomG we may see some NAZ relief today for remainder of day Fed Chief Greinstein is focusing upon bank derivative risk he is NOT taking stabs and jabs at the stock market this is good for stocks for the rest of this week but market worry about Fed policy will serve as an overhang until May16th FedMeeting ends good to have you back from vacation / Jim