Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 163.32

+2.3%

Nov 21 9:30 AM EST

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To: marginmike who wrote (36492)	7/21/1999 7:13:00 PM
From: puzzlecraft	Read Replies (4) of 152472

Qualcomm is brilliant. They are the prima-donna company in the CDMA boom. They see it would be great to have some cash to ensure that growth continues as they deal with perturbations and opportunities created as they round the inflection point in the CDMA growth curve. So today, after the close, QCOM moves (now moved) from the S&P MidCap 400 Index to the S&P 500 index. A once in company-lifetime opportunity appears to raise money by feeding shares into the process... selling to institutions which are REQUIRED TO HOLD THE STOCK FOREVER!. Not long ago when Q was at 40 pre-split, their market cap was $3 billion. To raise $1 billion they would have either destroyed the stock or had to have gone deeply into debt. While I have no proof, I'm guessing that the number of shares the Q issued is less than or equal to the difference between the number of shares being sold by the 400'ers and bought by the 500'ers. I think this is great. John

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