Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.03

+1.0%

3:59 PM EST

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To: LindyBill who wrote (29476)	5/8/1999 6:28:00 AM
From: Michael	Read Replies (2) of 152472

Qualcomm hit with a lawsuit uniontrib.com Disgruntled employees potentially numbering in the hundreds filed a class-action lawsuit against Qualcomm yesterday, in a fight to keep millions of dollars in unvested stock options. The employees, including a vice president, are the intellectual backbone of Qualcomm's wireless infrastructure equipment business, which Swedish archrival Ericsson bought as part of a sweeping patent settlement the two companies reached in March. The lawsuit demands "immediate vesting" of unvested stock options and "full, fair and just compensation" in monetary damages that all told could top $50 million, said Richard Williams, an attorney with one of three local law firms that filed the lawsuit on behalf of the employees. More . . .

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