Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 151.59

-0.4%

Jan 30 9:30 AM EST

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To: Jon Koplik who wrote (12965)	7/26/1998 4:07:00 AM
From: jpbrody	Read Replies (2) of 152472

About LEAPS What happens with LEAPS if a company is bought out? Say I'm holding the QCOM Jan 00 calls (strike price at 90) and next summer LU buys out QCOM for $90 cash per share? Are the LEAPS worthless? How about if they offer 1 share LU for 1 share QCOM? Do my QCOM LEAPS become LU LEAPS? -- Jim

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