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Technology Stocks : The New Qualcomm - a S&P500 company
QCOM 166.05+0.6%3:59 PM EST

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To: SKIP PAUL who wrote (2973)11/5/1999 1:54:00 AM
From: JGoren  Read Replies (1) of 13582
 
If I were management, I would spin off the handset division as part of the sale, so the shareholders can directly receive the buyer's shares in a tax free transaction. The company really doesn't need the money and greater value can be received as proposed above.

Indeed, in some ways, I think the "maybe" December 20 special meeting has been set perhaps for just such a purpose, for the split can be combined in the agenda. Split meeting can easily be tied to spinoff authorization, if that is even necessary. Company is trying to maintain maximum flexibility.
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