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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 177.78-2.2%Jan 9 9:30 AM EST

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To: slacker711 who wrote (26803)9/16/2002 2:23:50 PM
From: q1000  Read Replies (1) of 197157
 
What were Pegaso advances since June 30th?

I would assume that there is only $15 million or so of interest accrued since June 30th. I suspect that a big portion of the increase from the June 30th number are advances that Qualcomm has made over the past 75 days to keep Pegaso in business. I have not checked to see whether the number might included interest for prior periods which Qualcomm may have reflected in the cash investment number.

Also, the press release says that the Qualcomm will own $480 million in secured debt in Pegaso, not Telefonica. I agree thought that the new Pegaso should be a much stronger credit than Pegaso prior to the restructuring.
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