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

To: Keith Feral who wrote (25459)	3/29/1999
From: Ruffian	Read Replies (1) \| Respond to of 152472

From The Fool> The Motley Fool's Market Movers (Heroes) The Motley Fool - March 26, 1999 18:30 March 26, 1999/FOOLWIRE/ -- Mobile communications technologies firm Qualcomm (Nasdaq: QCOM) gained $13 1/8 to $111 9/16 after rising yesterday on news that it had reached an agreement with rival Ericsson (Nasdaq: ERICY) to settle all patent disputes between the two companies relating to Code Division Multiple Access (CDMA) technology. Ericsson added $3/16 to $23 1/2. Yesterday, there was some confusion as to which firm would benefit the most from the deal, as evidenced by the 10%+ jumps in both firms' share prices. Following today's extended gain by Qualcomm, however, the market appears convinced that the San Diego-based company is the big winner. Qualcomm effectively rid itself of the drag on earnings from legal fees and from its money-losing CDMA infrastructure business, which Ericsson agreed to buy, in one fell swoop. Moreover, Qualcomm is now positioned to receive lucrative CDMA royalty revenues from all three parts of the global cell phone triumvirate -- Ericsson, Motorola (NYSE: MOT), and Nokia (NYSE: NOK.A).