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10/24/02 9:01 AM

#38001 RE: Zeev Hed #38000

Qualcomm Inc. (NasdaqNM:QCOM - News) slipped to $33.24 from its close at $36.52 after investment bank Credit Suisse First Boston cut its investment rating on the stock to "underperform" from "neutral" on concerns of growth into 2003.