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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.80+0.3%3:59 PM EST

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To: DaveMG who wrote (12630)7/21/1998 10:31:00 AM
From: Gregg Powers  Read Replies (1) of 152472
 
DaveMG:

Admittedly, you can infer that I am suspicious of Lucent's goodwill toward QC...that, by the way, is far less than a formal pronouncement that Lucent is targeting Qualcomm. Given my position, QC ownership and access to management, I need to be careful to separate "concerns" from "opinions" from "facts". I certainly do not want to give anyone the impression that I "know" something regarding a Lucent transaction with Qualcomm or that I think such a combination is in my/our best interest. I worry a lot about QC getting taken out...some people I respect have suggested that I worry about it too much. Nevertheless, I cannot help but notice that Lucent's market capitalization has increased...in just two days...by almost five times QC's entire valuation.

Bottom line: I do not want to contribute to unsubstantiated rumors or promotional innuendo.

Best regards,

Gregg
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