Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 159.42

-1.2%

Jan 16 9:30 AM EST

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To: Lizzie Tudor who wrote (29360)	5/7/1999 1:47:00 AM
From: JGoren	Read Replies (2) of 152472

Michelle, stick to your software; you're not a lawyer. Your analogy concerns what is called fraud from the inception, which occurs when a party intends from the beginning never to honor the contract. That is inapplicable in Qualcomm's circumstances. I sympathize with the employees who will lose their unvested options, but a contract is a contract. Under multi-year vesting, the employee does not earn the options until the service requirement has been met. Unless the employee has been hired for a express term of years, an employee generally has no right to employment for the full vesting term, and the employment contract is "at the will" of the employer.

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