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Industry: Email Alert RSS FeedQualcomm share price leaps in November - Company Financial Information - Brief Article
CommunicationsWeek International, Nov 15, 1999
Qualcomm Inc., San Diego, California, saw its share price rocket by 16% or $35 a share in early November, thanks to healthy profits and a positive outlook from analysts. Fourth-quarter net income tripled to $170 million, or 91 cents a share after the company split its stock in a four-for-one ratio.
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Qualcomm plans to sell off its money-losing handset operations by the end of this year. The company said its profit was largely boosted by its CDMA technology business.
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