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


To: Mike Torrence who wrote (116027)3/27/2002 8:15:48 AM
From: John Hayman  Read Replies (1) | Respond to of 152472
 
Wednesday March 27, 7:45 am Eastern Time
Ericsson sees no market turnaround
STOCKHOLM, March 27 (Reuters) - Telecoms equipment major Telefonaktiebolaget LM Ericsson sees no signs of a turnaround in the company's markets, its chief executive said on Wednesday.

``We see no signs that it (the market) has turned,'' CEO Kurt Hellstrom said. ``The point of departure in our planning is that it will not turn this year.''

Ericsson, which made a record 30 billion crown ($2.91 billion) loss in 2001, is the world's leading maker of wireless telecom network infrastructure equipment.

Hellstrom was speaking at a news conference before the group's annual meeting.



To: Mike Torrence who wrote (116027)3/27/2002 8:32:39 AM
From: alburk  Read Replies (2) | Respond to of 152472
 
William

QCOM is acting strange IMHO. Yesterday it dove at the open to 38.5? and seemed reluctant to participate in the exuberant rally. It quickly dove again as the market receded although it made a decent recovery.

I have no TA abilities but QCOM does not appear to be leading the charge when the market swings to the upside. It's weak.

Makes me concerned that something's up.



To: Mike Torrence who wrote (116027)3/27/2002 8:57:35 AM
From: Art Bechhoefer  Respond to of 152472
 
CNBC had a feature on some of the new Java enabled handsets being shown in San Francisco. All of the phones displayed were for GPRS, Nextel, etc., but not CDMA systems. Maybe this is one factor contributing to the pre-market weakness of QCOM this morning.

Art



To: Mike Torrence who wrote (116027)3/27/2002 9:29:36 AM
From: Dennis Roth  Respond to of 152472
 
>> Q down .92 in pre-market to 38.95 with the NAZ up. Anyone know why? <<
Dueling headlines. One says
China United Slashes CDMA Expansion After Slow Start
Message 17250013
Another says
Unicom plans to double CDMA network size in 2002
Message 17250014