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

To: kech who wrote (11753)	6/24/1998 11:28:00 AM
From: JGoren	Respond to of 152472

Qualcomm Inc. Raised to 'Buy' at BT Alex. Brown Princeton, New Jersey, June 24 (Bloomberg Data) -- Qualcomm Inc. (QCOM US) was raised to ''buy'' from ''market perform'' by analyst Brian T. Modoff at BT Alex. Brown Incorporated. The 12-month target price is $70.00 per share. >> QCOM up 2-1/2 at 10:15 am CDT

To: kech who wrote (11753)	6/24/1998 12:50:00 PM
From: General Crude	Read Replies (1) \| Respond to of 152472

06/24 10:50 QUALCOMM<QCOM.O>CEO says Asia problem now behind PARIS, June 24 (Reuters) - QUALCOMM Inc <QCOM.O> chairman and chief executive Irwin Jacobs said on Wednesday that he sees no need for further provisions for Asia risks. "We announced that we would be taking a hit on the second and third quarter of this year on the Asian flu, particularly what happened in Korea," he told reporters on a visit to Paris. "I also mentioned that I thought it was roughly a two quarter phenomenon. Not that Korea and Asia will come back in two quarters, but that other things will compensate it," he said. QUALCOMM's financial year runs to the end of September. "We are about to complete the third quarter and I would say we have it pretty much behind us," Jacobs said. He said the planned spin-off of some $200-$300 million in assets was on track. "We have investments in several operating companies, the small stake in Korea, a bigger one in Chile...We got into it because of our technology and to sell equipment. But now they have become so substantial that they are very different from the rest of our business," Jacobs said. "We announced that we were planning to look into spinning these assets off into a separate company. We are proceeding with plans to do that. "Every time you are going to do these things, you run into a series of financial/SEC type questions and we are working our way through these at the moment," Jacobs said. QUALCOMM had $2.096 billion in sales for the year to September 30, 1997, and Jacobs said sales this year would exceed $3 billion.