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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Puck who wrote (11088)	4/26/2001 5:10:22 PM
From: Puck	Respond to of 34857

Qualcomm pressures techs; Wireless leader warns its future is not so bright; chips and PCs lose ground April 26, 2001: 4:35 p.m. ET NEW YORK (CNNfn) - Technology stocks faltered Thursday, after wireless leader Qualcomm forecast a tough road ahead, warning that sagging demand for mobile phones will hurt its results in the near term. And the semiconductor sector was mostly lower as cautiously optimistic comments from executives at leading chipmaker Intel were not strong enough to pull the sector higher. The major technology sectors struggled throughout the session as investors reacted to individual corporate news and quarterly results. The Nasdaq composite, which is weighted heavily with technology names, gave up earlier gains, falling 24.84 points to 2,034.96. "There's not a lot of conviction and I think there's just some profit-taking going on," Patrick Boyle, head financial trader with Credit Suisse First Boston, told CNNfn's Street Sweep. No smooth sailing for Qualcomm Shares of Qualcomm (QCOM: down $4.93 to $58.05, Research, Estimates) tumbled more than 8 percent on the heels of an earnings warning from the wireless technology specialist. The losses come even after the company logged a quarterly profit that met expectations. Qualcomm is the creator of a wireless communications technology called Code Division Multiple Access, or CDMA, a standard which is used in mobile phones, wireless telecom equipment and satellite ground stations primarily in North America. The company makes money by selling chipsets based on CDMA and collecting royalties from mobile-phone and wireless-telecom equipment makers who use CDMA in their products. Although Qualcomm's quarterly profit of 29 cents per share met the Street's expectations, the company slashed its earnings forecasts for the current quarter and the remainder of the fiscal year. Executive pinned the blame primarily on lower-than-expected sales of CDMA handset sales this year, which they now expect to total 80 million, compared with the 90 million they previously had been banking on.

To: Puck who wrote (11088)	4/26/2001 7:12:11 PM
From: DaYooper	Read Replies (1) \| Respond to of 34857

How much freedom do we have? More freedom than any people in a civilized society in history would be my guess. I jumped in the middle here just to clear up your majority statement. Didn't mean, and don't have time, to rehash what we all probably understand about the reasons for state representation in the electoral process. Hey Puck weren't you the one who complained a while back about all the Q-centric posts here on the NOK thread? LOL I-man, the majority definition I was referring to is "50% plus one" of those who voted -- which btw Clinton never received. Rory