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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 166.81

-4.1%

Nov 17 3:59 PM EST

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To: Dennis Roth who wrote (12895)	6/22/2000 3:21:00 PM
From: scots40	Read Replies (1) of 13582

John and Thread, I am new to the thread, but I have owned QCOM for many years. I have held it throughout this downfall but I still sleep very well every night. Personally, I am against a NOK buyout of QCOM. NOK would probably offer an all-stock deal and would have to "overpay". This would make NOK stock go down and QCOM would mirror it. Look at this case: Spyglass (SPYG) is in the process of being acquired by OpenTV (OPTV) in an all-stock deal. On the day of the announcement SPYG shareholders were to get $120/share, but the stock never broke 100. Both stocks tanked fast (the NASDAQ drop this Spring assisted in this drop)! SPYG is now in the 30's. OPTV was perceived to "overpay", so everyone lost out. I don't want to go through that again, although I did sell 1/2 of my SPYG in the high 80's. OPTV is not even in the same class as NOK. The result would not be THAT bad, and in the long, long, long run it might be OK, but I do not want to risk it. I have a "bird-in-the-hand". I like QCOM as it is, stand-alone. I like Irwin Jacobs and their overall management. I bought QCOM because I like QCOM, not NOK!!!!

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