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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 168.09+1.8%Nov 28 9:30 AM EST

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To: Hassell Anderson who wrote (34946)7/14/1999 10:02:00 AM
From: gdichaz  Read Replies (3) of 152472
 
To Hassell: Thanks for the clarification on LEAPS due in Jan 2000. When LWIN was spun off as a dividend, the Q LEAPS were adjusted to include that dividend within them. This was in Sept 1998.
Do you know if this adjustment affected the capital gains treatment in any way? In other words, did the clock start running again in Sept 1998 on the adjusted LEAPS, so that to have a long term gain it is necessary to hold the adjusted LEAPS through Sept? Or would the original LEAP element be considered a long term capital gain if sold today (more than a year after the original purchase) and the dividend element a short term gain? Recognize this is highly complicated (at least for me) but any informed view you have would be most appreciated. Chaz
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