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

To: w molloy who wrote (28687)	4/29/1999 1:42:00 PM
From: Ruffian	Respond to of 152472

Yeah, But He Never Said This About Infra> 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.