Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 177.03

+1.6%

11:33 AM EST

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To: marginmike who wrote (36660)	7/21/1999 11:00:00 PM
From: RoseCampion	Read Replies (2) of 152472

QUALCOMM Incorporated (Nasdaq: QCOM) today announced that it has placed 6.9 million shares of its common stock in a public offering, through its underwriters, at $156.50 per share, resulting in net proceeds to the Company of approximately $1.079 billion. If I'm allowed a question rather than a rant on this auspicious day <g>: $156.50 times 6.9M is almost exactly $1.079B. But that's not really the "net proceeds" to Q, is it? Don't we have to subtract out the 3% underwriting fee and the other (minor) filing, legal, and banking fees? Wouldn't that make the total 3-5% or so less? -Rose- PS: It wouldn't take more than a small fraction of that to make up for my losses today - think I should email IR and ask? <vbg>

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