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

To: Cooters who wrote (86951)	11/10/2000 1:04:42 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

Qualcomm Up 5% After Patents Challenged By Nokia Upheld Dow Jones Newswires By Christine Nuzum Of DOW JONES NEWSWIRES NEW YORK -- Shares of Qualcomm Inc. (QCOM) jumped following news that the European Patent Office upheld the validity of the company's Code Division Multiple Access, or CDMA, patents. Nokia Corp.'s (NOK) Nokia Mobile Phones Ltd. had challenged the validity of Qualcomm's CDMA patents. Recently, Qualcomm shares changed hands at $76.25, up $3.56, or 4.9%, on volume of 10.3 million, compared with the daily average of 14.6 million. Thursday, Qualcomm shares rose 5.2%. In a Friday morning research note, Lehman Brothers analyst Tim Luke wrote that Cingular Wireless, the joint venture between SBC Communications Inc. (SBC) and BellSouth Corp. (BLS), may use Qualcomm's CDMA technology. BellSouth International already announced it may switch to Qualcomm's CDMA in Brazil. Luke said that Nextel Communications Inc. (NXTL) is also considering using Qualcom's CDMA. Luke reiterated his buy rating on Qualcomm.