The New Qualcomm - a S&P500 company Message Board

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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 165.07

-1.0%

Nov 18 3:59 PM EST

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To: w molloy who wrote (2)	7/22/1999 9:45:00 PM
From: Jon Koplik	Read Replies (2) of 13582

Re : Management clearly has something specific in mind [with issuing $1 billion worth of new stock]. No. I think it was just a wise analysis of : either speculators or QCOM shareholders can reap the benefit of the (relatively new phenomenon of) one time, huge, incremental, (permanent) demand for QCOM shares, due to massive amounts of funds placed with index funds (and QCOM being added to the S&P 500, of course). QCOM decided to get the windfall for the shareholders. Now (one nanosecond later), the discussion begins -- what should QCOM do with the money ? Jon.

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