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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 180.21

-1.2%

Jan 7 3:59 PM EST

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To: laodeng who wrote (7009)	2/5/2001 4:31:23 PM
From: ggamer	Read Replies (1) of 197115

What does a bushman know that we don't? : ) Monday February 5, 4:20 pm Eastern Time Ex-Bush official to sell $17 mln in Qualcomm shares WASHINGTON, Feb 5 (Reuters) - Brent Scowcroft, who was national security adviser to former President George Bush before joining mobile phone company Qualcomm Inc. (NasdaqNM:QCOM - news), exercised a stock option for 200,000 shares of Qualcomm and plans to sell the stock, according to a government filing. The 200,000 shares had a market value of $17 million when Scowcroft, who sits on Qualcomm's board of directors, made the filing on Jan. 30 with the Securities and Exchange Commission. Corporate insiders are required to report their stock sale intentions in SEC filings. A spokeswoman for the San Diego-based company did not immediately return a call seeking comment. Scowcroft's filing came several days after the company posted higher pro forma first-quarter earnings, beating Wall Street estimates, and backed profit-growth forecasts for the year. Qualcomm shares ended trading down 6/16 at $86-7/16 on Nasdaq. The stock has been as high as $162-9/16 and as low as $51-8/16 in the past 52 weeks. Scowcroft held about 570,000 shares of the company as of Dec. 4, according to the latest proxy filed with the SEC. Qualcomm currently has about 753 million common shares outstanding. Scowcroft, who is in his mid-70s, became a Qualcomm director in December 1994. The retired Air Force lieutenant general was national security adviser to Bush from January 1989 until January 1993. biz.yahoo.com

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