Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 159.59

-3.9%

Nov 20 3:59 PM EST

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To: DaveMG who wrote (26899)	4/13/1999 5:15:00 PM
From: Caxton Rhodes	Read Replies (1) of 152472

Dave- I'm going to be exercising a few may 75s. You just call your broker (i.e. Chuck) the Friday before and tell them to exercise. For tax purposes, the purchase date is the exercise date on your statement and the purchase price is the exercise price plus what ever you paid for the options including commissions. There is no advantage to exercising earlier than the last Friday. It will do nice things for your margin account, i.e. say exercising 10 may 75s will cost you 37.5k cash (50% of 75k) but you get 170k in equity. Rock on. Caxton

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