Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 181.30

-0.5%

Dec 11 3:59 PM EST

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To: carranza2 who wrote (107996)	11/6/2001 5:17:46 PM
From: DiB	Read Replies (1) of 152472

Exactly. From the release: The Company is actively working to accomplish the restructuring of the Vesper Companies in Brazil, which we expect to be completed in the first quarter of fiscal 2002. We are in the process of finalizing a commitment to invest in the Vesper companies, contingent on several factors. This investment will result in QUALCOMM owning a majority interest in Vesper and consolidating Vesper's results into our financials. These results would be excluded from pro forma earnings as we expect to divest our controlling interest within twelve months. This divestiture could occur through a sale to a strategic investor or as a result of a spin-off of the Vesper investment to our shareholders. We previously completed a successful spin-off of our operator investments to shareholders in September 1998 (Leap Wireless).

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