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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 169.27-4.8%3:59 PM EST

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To: maxgo who wrote (83297)10/12/2000 1:05:43 PM
From: S100  Read Replies (2) of 152472
 
"We are spinning off our semiconductor business. As a part of the spinoff we may do a small IPO.
We are looking whether we do that... We'll make the decision shortly," he added.
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Let's read this carefully. It says that the Spinoff is still on track and they may do an (secondary?) IPO of QCOM stock for more cash.
Do you read this the same way? Also, why do they need more cash?
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