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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: jpbrody who wrote (12969)7/26/1998 6:57:00 AM
From: dougjn  Read Replies (1) of 152472
 
They become exerciseable for the proceeds of the acquisition, whether stock or cash.

If in cash, you have no chance for appreciation beyond the amount received in the merger. So if at or under your strike price, yes, you do expire worthless. And there becomes no point in holding until expiration.

If the proceeds of the acquisition are in stock, one stock is simply subsituted for the other, in the ratio established by the stock exchange terms.

Doug
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