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

To: marginmike who wrote (29894)	5/12/1999 12:49:00 PM
From: Ruffian	Read Replies (3) \| Respond to of 152472

Q Offers Bonus> Qualcomm Offers Bonus to Workers at Unit Being Sold to Ericsson San Diego, May 12 (Bloomberg) -- Qualcomm Inc., a San Diego- based maker of cellular phones, said most employees of its network-equipment division that's being sold to Swedish rival Ericsson AB agreed to drop their lawsuit over millions of dollars in unvested Qualcomm stock options and will instead accept a conciliatory hiring bonus, the San Diego Union-Tribune reported. About 95 percent of the 1,053 employees with unvested stock options agreed to accept the bonus plan, which could pay entry- level workers about $20,000 and senior executives more than $1 million each. About 63 employees may pursue the lawsuit, which now seeks damages of $30 million, the paper said. No. 3 cellular-phone maker Ericsson agreed in March to purchase Qualcomm's unit as part of a broader agreement to share cellular-equipment technology and settle a patent dispute. (San Diego Union-Tribune 5/12 www.uniontribune.com/news) NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min.

To: marginmike who wrote (29894)	5/12/1999 1:06:00 PM
From: ron delany	Read Replies (2) \| Respond to of 152472

I've been impressed with this company and stock since about three quarters ago when they announced great earnings and got sold off anyway from about 55. But this is getting ridiculous. Over 70 times earnings and big moves seemingly every day. Moves like this on no good news are not that different from down moves on great news in my opinion.