Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.09

+1.8%

Nov 28 9:30 AM EST

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To: marginmike who wrote (29894)	5/12/1999 12:49:00 PM
From: Ruffian	Read Replies (3) of 152472

Q Offers Bonus> Qualcomm Offers Bonus to Workers at Unit Being Sold to Ericsson San Diego, May 12 (Bloomberg) -- Qualcomm Inc., a San Diego- based maker of cellular phones, said most employees of its network-equipment division that's being sold to Swedish rival Ericsson AB agreed to drop their lawsuit over millions of dollars in unvested Qualcomm stock options and will instead accept a conciliatory hiring bonus, the San Diego Union-Tribune reported. About 95 percent of the 1,053 employees with unvested stock options agreed to accept the bonus plan, which could pay entry- level workers about $20,000 and senior executives more than $1 million each. About 63 employees may pursue the lawsuit, which now seeks damages of $30 million, the paper said. No. 3 cellular-phone maker Ericsson agreed in March to purchase Qualcomm's unit as part of a broader agreement to share cellular-equipment technology and settle a patent dispute. (San Diego Union-Tribune 5/12 www.uniontribune.com/news) NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min.

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