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

To: Ruffian who wrote (23714)	3/3/1999 8:09:00 PM
From: Bux	Read Replies (3) \| Respond to of 152472

Very good news indeed! Mar 3, 1999 19:44 ET Qualcomm says Q2 demand appears very strong NEW YORK, March 3 (Reuters) - Telecommunications equipment manufacturer Qualcomm Inc. said Wednesday its second quarter business, which typically slows following the holiday season, has been very strong and demand across all of its business units is robust. "We're seeing very, very strong demand across all the business units. The business is very, very strong," Qualcomm Chairman Irwin Jacobs said at the Bloomberg Fourth Annual Telecomm Conference in New York. Qualcomm is also working to improve revenue growth and increase profitability across each of its businesses, Jacobs said. Qualcomm may also forge a strategic relationship in its infrastructure business. Depending on the outcome of the possible relationship, the company may seek to raise additional money or funding, Jacobs said. He did not provide further details. Qualcomm shares closed at 73-1/8 on the Nasdaq, down 5/8 on the day. The stock has a 12-month high of 75-9/16 and a 12-month low of 37-3/4.