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To: Dealer who wrote (26574)7/25/2000 4:32:39 PM
From: Dealer  Respond to of 35685
 
QCOM--Last Update: 3:11 PM ET Jul 25, 2000: NewsWatch
Indications
ADR Report

Tuesday, July 25, 2000

Qualcomm extends gains
--3:11 pm - By Tomi Kilgore
Qualcomm (QCOM: news, msgs) is now trading up 4 3/8 to 68 (see 10:04 item). Following the decision by the company to spin off its chip business, Chase H&Q analyst Edward Snyder upgraded the stock to a "buy" from a "market perform." Snyder believes the spinoff will result in "a better net royalty rate" for Qualcomm on W-CDMA.