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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: 100cfm who wrote (44919)	3/8/2005 7:01:00 AM
From: 100cfm	Respond to of 197068

U.S. Stock-Index Futures Slip; Texas Instruments, Intel Decline March 8 (Bloomberg) -- U.S. stock-index futures slipped. Texas Instruments Inc. paced declining stocks in Europe after saying profit and sales will be at the low end of its forecasts. Intel Corp. shares slid in Germany. ``Earnings growth will be more difficult to realize'' for technology companies, said Edward Niehoff, head of global equities at ABN Amro Asset Management in Amsterdam, which manages $224 billion. He declined to say what stocks he's buying or selling. Dow Jones Industrial Average futures expiring in March lost 12 to 10,926 as of 11:42 a.m. in London. Standard & Poor's 500 Index futures slipped 1.5 to 1223.8, and Nasdaq-100 Index futures fell 1.5 to 1543. Seventeen of 27 Dow stocks trading in Europe declined. The S&P 500 yesterday advanced for a third day, closing at its highest since July 2001. Texas Instruments, the world's No. 1 maker of mobile-phone processors, slid 90 cents to $26.47 in Germany. First-quarter sales will be $2.91 billion to $3.03 billion, compared with the $2.9 billion to $3.14 billion range the company gave in January, the company said yesterday after U.S. markets closed. Net income will be as much as 24 cents a share, compared with a forecast of as much as 26 cents, the company said. Makers of large-screen TVs and projectors are ordering fewer chips than predicted, the Dallas-based company said. That crimps profit because so-called digital light processors used in TVs tend to be more profitable than other chips, it said. ``We're beginning to get a little bit cautious on the whole chip sector because demand may be waning,'' said Tom Hougaard, a trader at City Index Ltd. in London. Intel Slips Intel, the world's largest maker of semiconductors, fell 23 cents to $24.88. The company is due to provide an update on business so far this quarter on March 10. Separately, Intel was told by Japan's Fair Trade Commission to remove clauses from contracts that restricted computer makers from using other companies' semiconductors. National Semiconductor Corp., whose chips boost battery life in mobile phones and laptop computers, dropped 25 cents to $20.03 in Germany. It releases third-quarter earnings March 10. National Semiconductor may say fiscal third-quarter net income fell to 16 cents a share, according to the average estimate of 22 analysts surveyed by Thomson Financial, compared with 24 cents a year earlier. Qualcomm Gains Qualcomm Inc., the world's No. 2 maker of chips that run mobile phones, climbed 78 cents to $38.17 in Germany. The company said it plans to boost its quarterly dividend to 9 cents a share from 7 cents, and doubled a stock repurchase program to $2 billion.

To: 100cfm who wrote (44919)	3/8/2005 7:02:25 AM
From: alanrs	Read Replies (1) \| Respond to of 197068

SAN DIEGO, March 8 /PRNewswire-FirstCall/ -- QUALCOMM Incorporated (Nasdaq: QCOM - News), pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology, today announced that its Board of Directors has approved a 29 percent increase in the Company's quarterly cash dividend, and a doubling of the Company's stock repurchase authority to $2 billion, compared to the previous $1 billion stock repurchase plan which expired February 9, 2005. The dividend rate will increase from $0.07 to $0.09 per share of common stock and will be effective for quarterly dividends payable after March 25, 2005. This dividend increase raises the annual dividend rate to $0.36 per share of common stock.