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

To: Ibexx who wrote (72595)	5/26/2000 4:31:00 PM
From: Ibexx	Read Replies (1) \| Respond to of 152472

Lehman's political strategist Kim Wallace had this to say after market close: _______ Stocks of the week Qualcomm, Boeing, IBM and Chinadotcom By Deborah Adamson, CBS MarketWatch Last Update: 4:24 PM ET May 26, 2000 NewsWatch LOS ANGELES (CBS.MW) -- Normalizing trade with China will lift many U.S. stocks with exposure in that market, as increased business in the world's most populous nation leads to higher sales and earnings, said Kim Wallace, chief political strategist at Lehman Bros. He especially likes four companies: Qualcomm, Boeing, IBM and Chinadotcom. Qualcomm (QCOM: news, msgs), a San Diego-based developer of the code division multiple access, or CDMA, technology for wireless devices, will benefit from a much more open Chinese market, Wallace said. The company has signed a contract to license its technology to China Unicom, China's second-largest mobile phone operator, and believes the deal is on track despite doubts by some analysts. See statement. The company collects royalties from users of CDMA technology whether it's in WCDMA or CDMA2000 form, according to a recent report by Deutsche Banc Alex. Brown. It also has reached deals with 14 of 75 licensees for third-generation cell phone technology including Ericsson, Lucent, Nortel, Philips, Hitachi and all of its Korean vendors. News that South Korea will end cell phone subsidies, thereby increasing prices to users, elicited mixed reaction from analysts about its effect on Qualcomm. Company profile, financials, analysts recommendations. .......... cbs.marketwatch.com Ibexx