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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 171.86-3.3%12:04 PM EST

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To: Jon Koplik who wrote (65035)1/28/2000 7:15:00 PM
From: jmanvegas  Read Replies (2) of 152472
 
Jon: The Paine Webber call is a fact of life. Maybe the 4:1 split timed for 12/31/99 and the "great big suspenseful secret" to whom the handset division was being sold to, in addition to no one wanting to take profits in 1999 due to tax consequences led to the overheated run-up we saw in December. In all likelihood, QCOM's management knew that KYO was a done deal long before it was announced - they just managed the hell out of it to inflate the situation. As a matter of fact, the price for the handset division was never announced at the time, which was unusual, don't you think. Could it be that QCOM was embarrassed by the price they were going to receive for that division - it is still not clear yet.

As an aside, I've been investing too long to be a crybaby - I've been through this many, many times with too many companies. QCOM is not infallible. It appears that many on this thread think they are.

jmanvegas
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