CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST! Message Board

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Technology Stocks : CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST!

QCOM 175.25

+0.6%

Dec 19 9:30 AM EST

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To: Ramsey Su who wrote (1631)	2/11/1997 4:34:00 PM
From: Chris Reeder	of 1819

Worry, worry, worry.........bull markets are built on a wall of worry (gee I should talk eh!!!!!) In the other thread some folks have posted terms of this offering. Pretty much what I thought it was. It goes back to my lucky speculation that it might be time to raise cash for further expansion. Instead of doing in common stock, it's a prefer issue that pays a dividend (nice dividend I might add). I found over the years that these tend to appreciate in value plus pay that dividend. Oxy floated similar deal back in 93- 94 at $50 for their and CanOXY Yemen oil project. Strange thing about this was it converts to CanOxy shares (Oxy owns 30%) the last time I really look at it was in the 80's. On todays stock action, it closed on a high with a 10,000 block traded. MOT (heh heh) ERICY and Nokia got smacked around. Idiot Heard on the Street about MOT, ERICY warning about competive pressure (from who?) and Nokia taken down with the rest. The next few days should be interesting. I had a dream last night of Maurice holed up, with long hair, scraggley beard, dishoveled dirty clothes and a half drunk bottle of MD 20/20 in a filthy overcoat; throwing rocks at passing strangers bellowing "Go away, I'll not shear my sheep with anyone!!" Actually it was a thought......the dream was...........................

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