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Short Take: Qualcomm 4-for-1 split takes effect

A long-awaited 4-for-1 stock split for Qualcomm, a wireless communications technology company, took effect today, sending shares nearly 9 percent higher to 176.13 in midday trading. Qualcomm has been the best-performing stock on the S&P 500 index this year, posting a gain of more than 2,600 percent in 1999. Shares have traded as high as 185 and as low as 6.31 in the past year.

A long-awaited 4-for-1 stock split for Qualcomm, a wireless communications technology company, took effect today, sending shares nearly 9 percent higher to 176.13 in midday trading. Qualcomm has been the best-performing stock on the S&P 500 index this year, posting a gain of more than 2,600 percent in 1999. Shares have traded as high as 185 and as low as 6.31 in the past year.