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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 164.53-0.4%3:59 PM EST
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To: David E. Taylor who wrote (92537)1/25/2001 5:13:51 PM
From: DaYooper  Read Replies (3) of 152472
 
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?


This is the clearest statement yet, imo, that Q would like to NOT spin the asics unless the last couple 3G license holdouts make that necessary. Stating the possibility of not spinning could indicate optimism in those discussions. Should be an interesting topic in the cc.

Excellent forward guidance illustrates the highest ethics of qcom management wrt the massive insider selling. Bravo.
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