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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 163.32+2.3%Nov 21 3:59 PM EST

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To: puzzlecraft who wrote (36519)7/21/1999 8:13:00 PM
From: phatbstrd  Read Replies (1) of 152472
 
Absolutely!!!

Spoke with management this evening...

1. .86 cents pro forma was based on 188m shares, not the thread consensus of 150m... this means 6m plus 188m = aprox 194m... the additional shares could only add 3% dilution at most. this wont even be noticed long term. (especially when 4q estimates will once again be low)

2. The company felt strongly about adding to the war chest!!!( I read between the lines as soon to be announced business expansion, maybe meger or acquisitions)( I felt their focus was Europe !!!)

3.In regards to index funds... Vanguard was adding yesterday as well as others even though "we didn't think it was official" yet... SP400 released 5m shares while the sp500 added between 10m-14m shares (no final figures on that yet)let's just say a net 12-5= 7m shares traded hands between yesterday and today.

The street (traders) may not be able to digest these numbers by AM and someone will take advantage of this. Even though this may dirupt my short term option position , it will by no means alter my long position.

The company to release report probably tonight , no later than AM

Holder since '95

Groovy Baby
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