Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 144.65

-5.3%

1:41 PM EST

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To: Sully- who wrote (75345)	7/3/2000 4:02:55 PM
From: A.L. Reagan	Read Replies (1) of 152472

The Motley Fool writer is clueless on LMT and G. LMT was not a backer of G. This is really more a part of the ongoing LOR v. LMT drama. What you have to understand is that LMT is needing to unload its 20%+ holding in LOR. If it takes any adverse action against G, that will further erode its ability to get out of LOR. So, LMT may bitch and moan, but it is a little stuck between a rock and a hard place. Who'd a thunk Bernie would be able to get LMT to pony up big time loan bucks for G? Chase has been paid off in full. QCOM's share relatively peanuts - LOR kicks in $57 million, (indemnity to LMT) the bulk of the balance by LMT. So, I guess now LMT "is" a (reluctant) backer of G.

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