Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 163.33

-1.0%

Nov 25 3:59 PM EST

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To: DanQUAL who wrote (36530)	7/21/1999 7:44:00 PM
From: slacker711	Read Replies (2) of 152472

One other thing on the stock offering....Did anyone notice that the dilution represented by the 6m shares is tiny compared to the amount that has been going on in the last year. Last year the company had 148m shares diluted versus 188m this year. The Q would have completely blown away every estimate out there (even those on this thread) if they simply had as many shares as the analysts predicted. Salomon had them down for 160m shares. For some reason I dont think that an extra 6m going to the company (rather than to employees options) will make much of a difference over the long-term. I really dont think that their were any deceitful plans. Any investment bank would have had multiple plans available to the Q....all depending on demand. The one thing the Q wouldnt want to do is have an offering which was met with too low demand (then the stock price really would have fallen). It's sort of like an IPO. They start low, check demand, then raise to a slightly higher point (still leaving some demand out there). Slacker

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