Qualcomm Incorporated (QCOM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 164.53

-0.4%

Jan 14 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dan_oz who wrote (92516)	1/25/2001 4:53:39 PM
From: David E. Taylor	Read Replies (4) of 152472

Dan & All: The Company updated its plans with respect to the proposed spin-off and Initial Public Offering (IPO) of its semiconductor business, referred to as ``QUALCOMM Spinco, Inc.'' Given current uncertainties in the financial markets, the Company is evaluating the need for and timing of an IPO. Regardless of the IPO decision, the Company continues to plan for the spin-off with full distribution of QUALCOMM Spinco, Inc. shares expected to occur by the fall of 2001, subject to approval by QUALCOMM's Board of Directors. Those seem to be somewhat contradictory statements. On the one hand, "the company is evaluating the need for and timing of an IPO", which implies they may not do it at all. Then, "the Company continues to plan for the spin-off with full distribution of QUALCOMM Spinco, Inc. shares expected to occur by the fall of 2001". If not spin-off to shareholders, spin off and distribution of shares to whom? Maybe I'm misreading this, or maybe the cc will clarify what the heck they mean. David T.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next