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

To: JScurci who wrote (10155)	4/22/1998 7:58:00 AM
From: Sawtooth	Read Replies (1) \| Respond to of 152472

LU thread reporting LU beat est's by five cents (a little more than 50%). Net doubled. Should be a great day for tech's and telecom's, in particular, following on QCOM's nice report.

To: JScurci who wrote (10155)	4/22/1998 8:56:00 AM
From: 2brasil	Respond to of 152472

ot Sprint still negotiating with PCS partners WESTWOOD, Kan., April 21 (Reuters) - Sprint Corp. (FON - news) Chairman Bill Esrey said Tuesday that the company is still some way from completing a restructuring deal with its partners in its digital cellular services subsidiary. Esrey, speaking at the shareholders' meeting at Sprint's corporate headquarters south of Kansas City, Kan., also declined to comment on press reports that the firm will shortly be issuing ''tracking stock'' for Sprint PCS. Esrey told the meeting that Sprint and its three partners in Sprint PCS are ''still in talks'' about restructuring the cellular subsidiary. He said Sprint ''wants to have more management control'' but could make no announcements as yet. The Wall Street Journal Tuesday reported that Sprint, which owns 40 pct of Sprint PCS, was talking with Tele-Communications Inc. (TCOMA - news), Comcast Corp. (CMCSA - news) and Cox Communications Inc. (COX - news) about turning the subsidiary into a separately traded issue as early as May. Tracking stock doesn't confer legal ownership of corporate assets and limits the weight of shareholder's vote, but issues have performed well recently. Shareholders defeated two separate resolutions aimed at requiring shareholder approval on compensation packages for outside directors and executives. Esrey defended the existing retirement package for outside directors, which offers the cash equivalent of 2,500 shares of common stock, as ''a reasonable and appropriate package.'' The resolution was voted down with 26.6 pct of voting shareholders supporting it despite board opposition to the proposal The board also recommended rejection of a proposal to require shareholder approval of any compensation agreements for officers and directors that result from mergers or takeovers, although 29 pct of voting shareholders backed the idea. ''The agreements are designed to ensure that, if a takeover offer were made, senior executives would respond objectively, including possibly recommending a change in control that...could result in their discharge,'' Esrey said. More Quotes and News: Comcast Corp (Nasdaq:CMCSA - news) Cox Communications Inc (NYSE:COX - news) Sprint Corp (NYSE:FON - news) Tele-Communications Inc (Nasdaq:TCOMA - news)