Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.08

+1.8%

Nov 28 12:59 PM EST

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To: JGoren who wrote (36188)	7/20/1999 4:34:00 PM
From: Uncle Frank	Read Replies (2) of 152472

>> 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. JG, not to be picky, but <g> the estimated index fund buying requirement is 9.1M shares, and Q is offering up to 4.6M shares, so that would leave 4.5M shares to be purchased on the open market. That's 100K fewer shares of demand than you indicated. With Q's daily average volume at 4.317M shares, the open market demand will be slightly over 1 day's normal activity. BUT, Q has become a larger percentage of the S&P500 market cap in the last day, so the indexers' required number of shares may be larger <vbg>.

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