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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 175.07+2.6%3:59 PM EST
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To: slacker711 who wrote (114472)2/26/2002 11:12:52 AM
From: Keith Feral  Read Replies (2) of 152472
 
$100 million gives them the cash to pay the higher rates on their commercial paper. Sprint's current bond yield are over 9%. They need $2 billion in cash to fund operations this year which will generate a $2.8 billion EBITDA profit. For every 1% point in premium that Sprint has to pay for the new rates on commercial paper, it cost them $20 million on the $2 billion loan. $100 million pays for an additional 5% points in yield.
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