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

To: DaveMG who wrote (28679)	4/29/1999 11:30:00 AM
From: Ruffian	Respond to of 152472

If Posted Sorry, Bloomberg> Qualcomm's Phonemaking Business Isn't for Sale, Sulpizio Says Qualcomm's Phonemaking Business Isn't for Sale, Sulpizio Says San Francisco, April 28 (Bloomberg) -- Qualcomm Inc., a maker of cellular equipment, said its mobile-phone making business isn't for sale. Some analysts have speculated that the company might sell the handset business because it agreed to sell its unprofitable network-equipment unit to No. 3 mobile-phone maker Ericsson AB in March. ''The handset business is not for sale,'' said Qualcomm President Richard Sulpizio at the Hambrecht & Quist Technology Conference in San Francisco. ''We can be competitive in this business.'' San Diego-based Qualcomm faces stiff competition from Finnish company Nokia Oyj, Sweden's Ericsson, Motorola Inc. and other mobile-phone makers. Right now Qualcomm is producing about 750,000 phones a month, and plans to boost capacity to 1 million phones a month by year-end. Sulpizio said the handset business is profitable and he hopes to boost gross margins to a target of 25 percent to 26 percent. NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min.