Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 163.32

+2.3%

Nov 21 9:30 AM EST

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To: George Gotch who wrote (26582)	4/9/1999 2:48:00 PM
From: Alan Hume	Read Replies (1) of 152472

George, "the stocks are going from 15 to 70 on the first day. I hate to burst you bubble, but if that isn't a warning sign then what is " George, your interpretation is completely wrong. With most high tech IPO's, the emission price may be $10 for example, but the opening price is $50, and if it's an interesting candidate it may close a few dollars higher. This ploy is common practice. It serves a) to fill the coffers of the merchant bank responsible for the floating, and b) provides much needed capital to the fledgling company (who probably holds a very sizable chunk of the common stock) This has nothing to do with the state of the market or the economy Alan

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