Qualcomm(QCOM) -> SpinCo Message Board

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Technology Stocks : Qualcomm(QCOM) -> SpinCo

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To: w molloy who started this subject	7/27/2000 2:00:33 AM
From: w molloy	of 172

BENEFITS TO QUALCOMM OF THE SPIN-OFF. (http://www.edgar-online.com/bin/edgardoc/DocFrame.pl?doc=A-804328-0000912057-00-032988&fmt=text&nad=&nav=1&x=77&y=27 ) QUALCOMM expects to realize benefits from its complete separation from Spinco, including the following: - REDUCED NEED FOR CROSS-LICENSES. Since QUALCOMM will no longer be supplying CDMA integrated circuits, it will have little or no need for third party cross-licenses. Accordingly, QUALCOMM expects that it will be able to continue to license its substantial intellectual property portfolio and continue to collect royalty and license fee revenue in the future. - ELIMINATION OF POTENTIAL CONFLICTS WITH THE COMPANY'S CUSTOMERS. Many of QUALCOMM's licensees currently also purchase integrated circuit and system software solutions from QUALCOMM, which from time to time has caused a conflict between its licensing and integrated circuit and system software solutions business. QUALCOMM expects that the separation of Spinco from QUALCOMM may reduce these conflicting interests. - GREATER STRATEGIC FOCUS. QUALCOMM's licensing business benefits equally from the advancement and commercial implementation of any of the proposed third generation CDMA-based standards. QUALCOMM expects that following the spin-off, it will have a sharper focus on enhancing the competitive position of its business and a greater ability to collaborate with manufacturers and carriers to develop, implement and deploy the latest implementations of CDMA technology for a variety of potential applications. - BETTER INCENTIVES FOR EMPLOYEES. QUALCOMM expects that the motivation of its employees and the focus of its senior management team will be strengthened by incentive compensation programs tied to the market performance of its common stock. The separation will enable QUALCOMM to offer its employees compensation directly linked to the performance of QUALCOMM's common stock, which QUALCOMM believes will enhance its ability to attract and retain qualified personnel.

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