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

To: Bux who wrote (23715)	3/3/1999 8:27:00 PM
From: Valueman	Read Replies (2) \| Respond to of 152472

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. I just had one of those light-bulb-over-head moments. The QCOM CFO has been reiterating the fact that they will need to raise cash for vendor financing when I really didn't see the pressing need. He has repeated this fact many times, again even at the analyst meeting Feb. 24. Could it be that the financing will be needed for the expected rush of new orders that will come from this potential infrastructure joint venture? Makes sense to me.

To: Bux who wrote (23715)	3/3/1999 8:32:00 PM
From: SKIP PAUL	Read Replies (1) \| Respond to of 152472

Qualcomm Boosts Manufacturing in Brazil and Mexico, CEO Says Bloomberg News Mar 3 1999 5:57PM ET Qualcomm Boosts Manufacturing in Brazil and Mexico, CEO Says (For more on Bloomberg Telecom Day, TCOM ) New York, March 3 (Bloomberg) -- Qualcomm Inc., which makes cellular phones and network equipment, plans to increase the number of phones it manufactures in Brazil and Mexico, Chief Executive Irwin Jacobs said. Currently, the San Diego-based company makes about 650,000 cellular phones a month, which isn't enough to meet the ever- widening worldwide demand, Jacobs said at Bloomberg's Fourth Annual Telecom conference in New York. ''With the growth in the phone business, we're still pretty much supply -- rather than demand --limited.'' Brazil, even with that country's recent economic problems, represents a ''significant, growing market'' for Qualcomm's products, Jacobs said. ''Demand for telephony has been unmet for many years.'' Qualcomm shares fell 5/8 to 73 1/8. Search Financial News Enter ticker symbol or keyword: Sponsored trading links: