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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: Ruffian who wrote (36164)7/20/1999 3:19:00 PM
From: JGoren  Read Replies (3) of 152472
 
The offering should be priced several dollars above today's closing price, my guess $2-5, probably the lower end. The institutions would have to bid the price up more than that to get 4.6 million shares. Remember, to get that many shares, the funds would have to buy every share for two days at the average daily volume.
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