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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.01

-0.3%

Nov 14 9:30 AM EST

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To: Gregg Powers who wrote (21386)	1/16/1999 12:07:00 AM
From: Jon Koplik	Read Replies (1) of 152472

O.T. - "the great" CS First Boston (Marc Cabi's employer). For those of you who do not follow a lot of press regarding Wall Street, I'd just like to "dredge up" some history. Many observers said that First Boston (as it was then called) would almost certainly have gone bankrupt around 1989 or 1990 or so if they had not had a HUGE capital infusion from Credit Suisse (CS). The thing that almost brought them down was (if I am remembering correctly) the bridge loan to Ohio Mattress and/or some bridge loan or other dangerous deal with Sealy (as in Sealy "Posturepedic"). One (or both) of these deals were cleverly called "Burning Bed" by some people. (If anyone wants to correct details of this, please do ...) Jon.

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