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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.67

+1.6%

Nov 12 3:59 PM EST

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To: Ruffian who wrote (21454)	1/17/1999 10:47:00 AM
From: Jon Koplik	Read Replies (3) of 152472

Re : Qualcomm "toying" with "doing something" about the infrastructure division. Just want to re-hash some (relatively) ancient history ... I think both of the following two events were in the time span of 1980 - 1985. (Sorry I cannot be more precise. If anyone wants to dig up the exact years, go ahead). Lockheed used to build commercial jets (the L-1011). The day that Lockheed announced they were just going to "forget the whole thing," Wall Street loved it, and the stock was up something like $40 or $50 in one day (on a starting price of roughly $110 or so, I think). Texas Instruments used to make personal computers. The day they announced "no more," their stock went up something like $40 in a day (on a starting price of about $120 or so, I think). We'll see if Qualcomm can get anything out of their possible change of heart regarding the infrastructure division. Jon.

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