The New Qualcomm - write what you like thread. Message Board

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Pastimes : The New Qualcomm - write what you like thread.

QCOM 176.67

+1.6%

Nov 12 3:59 PM EST

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To: Maurice Winn who wrote (1527)	3/11/2000 11:40:00 AM
From: Richard Belanger	Read Replies (1) of 12231

<AmericaOne, sponsored by SAIC did really well - bad luck Rich Belanger! Next time, with the huge asset value growth SAIC is getting and their investments, they should be able to sponsor something REALLY serious. Prada's $100m will look a joke.> I like SAIC's formula: buy a fledgling company for $5M, spin it off as NSOL but keep 90% of the shares, then sit back watch it grow until, a few short years later, someone else gobbles it up for $21,000. That's a 4200-banger folks. And here we thought we were doing well with the Q! Actually, SAIC starting liquidating too soon. So they'll only reap a few billion instead of 21. But they are not as free to throw money at a boat campaign as Mr. Prada-Bertelli. SAIC execs are accountable, presumably, to the employee-owners. Whatever, the Kiwis reign. They are awesome. Auckland's investment in waterfront improvements will be secure for years to come. Rich

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