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Technology Stocks : Nokia (NOK)
NOK 6.945+0.5%12:50 PM EST

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To: tero kuittinen who wrote (2225)9/19/1999 10:25:00 AM
From: Gregg Powers   of 34857
 
Tero:

It would be nice if you occasionally attempted to understand the facts before posting nonsense. Qualcomm did not arbitrarily terminate the VLSI license.

VLSI signed an agreement with Qualcomm that incorporated a change of control provision, i.e. if VLSI is acquired, then the license can be nullified. VLSI was acquired and, after negotiations of undisclosed substance, Qualcomm opted to exercise its rights under its license agreement.

I am sorry that you feel Qualcomm acted in a non-philanthropic fashion. As a Qualcomm shareholder, however, I am delighted that management acted to protect my interests. I am also sorry that you live in a fantasyworld where business is conducted according to semi-socialist, make-them-up-as-you-go rules.

Cheers!

Gregg
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