Short Take: Qualcomm falls as S. Korean ruling threatens growth

Qualcomm shares fell 3.3 percent after the government of South Korea, the biggest market for the company's cell-phone technology, issued a ruling that will boost phone prices there by about $176. On the Nasdaq Stock Market Qualcomm fell $2.63 to $76.75 on volume of 40.9 million shares, making it the seventh-most active U.S. stock. The shares rose as high as $84 in after-hours trading. They've tumbled 56 percent this year and dropped 10 percent yesterday.

The story "Short Take: Qualcomm falls as S. Korean ruling threatens growth" published May 24, 2000 at 5:30 AM is no longer available on CNET News.