The New Qualcomm - a S&P500 company Message Board

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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 141.02

+0.6%

Feb 11 3:59 PM EST

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To: puzzlecraft who wrote (748)	8/11/1999 11:03:00 AM
From: quidditch	of 13582

John, you raise a good point: Q!'s 10-Q (Q-3) stated the following: The net proceeds of the [secondary] offering were approximately $1billion. The Company anticipates that the cash and cash equivalents and investments balances of $448 million at June 27, 1999 together with the net proceeds of the offering [that's $1.45 billion, folks], including interest earned thereon, will be used to fund working and fixed capital requirements, financing for customers of its CDMA infrastructure products [per ERICY infra sale agreement] and investment in joint ventures or other companies* and other assets to support the growth of its business...* The thread touched on this lightly when the brouhaha surrounding the secondary in part caused this thread to be born. But what would be a good acquisition strategy? Stand pat? Acquire complementary wireless software platform providers? Neopoint? Comrade in queries, Steven. PS Isn't it grand that Q! now rounds off its proceeds realized--"proceeds of the offering were approx. $1 billion"? Now that's cool.

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