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: kech who wrote (1644)	2/12/1997 8:50:00 PM
From: A.J. Mullen	of 1819

Thanks, Andre and Tom for feedback. Looking at it another way: someone said if all rights are exercised the dilution would be 10%. The current cap is $4.5B, add 500M injection by purchase and they get a proportionate share of todays cap. for their money. The advantage to the lender is two-fold: they don't have a downside to purchase, and they don't pay upfront but receive interest on their money. They do share whatever risk of the company going completely down the tube. A good deal all-round and probably a good way to buy into Qcom for the true long-haul investors who qualify, but I'm not sure I wouldn't prefer simply buying shares even if the offer were made to me. (I know everyone else has moved on from this issue, but I do like to understand. Again feel to correct me, anyone)

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