Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.01

-0.3%

Nov 14 9:30 AM EST

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To: quidditch who wrote (38001)	8/13/1999 7:03:00 PM
From: cfoe	Read Replies (1) of 152472

RE: Iridium filing On CNBC (after the market closed) the comment was made that I's banks are demanding that MOT guarantee another $300 million of loans and MOT refused. Question: do they think a settlement can be reached because 1) the banks will give in, 2) MOT will give in, 3) some white knight will show up with a big bag of money, 4).... I've run out of ideas. Methinks MOT has a big decision to make - whether they throw good money (another $300 million in guarantees) after bad money (the $700 million or so they are already on the hook for). To put it another way, how much is a customer like I worth to them? Last question - how confident in I*'s future can MOT be if they are not willing to come up with another $300 million in guarantees? Glad they have this problem and not Q.

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