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

To: Greg B. who wrote (22434)2/3/1999 5:42:00 PM
From: Ruffian  Respond to of 152472
 
From Wired News>

The Street digs a good belt-tightening.
Mobile-phone maker Qualcomm (QCOM)
advanced $2.56 to $65.19 after saying it
will give about 700 employees the boot
and take a $20 million restructuring
charge. Merrill Lynch, liking the sound of
that, upgraded its near-term rating for
the company's stock to "accumulate"
from "neutral."

Qualcomm workers probably never saw it
coming. Just last month, the company
reported a 20 percent increase in
quarterly revenue to $941 million -- the
highest amount in its 13-year history.
Nice.


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