Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.07

-1.0%

Nov 18 3:59 PM EST

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To: Clarksterh who wrote (30114)	5/15/1999 9:50:00 PM
From: Jack Bridges	Read Replies (6) of 152472

To all Discover Broker Direct has not been able to implement the Q split as of 5/15, 7PM PST. This results in one of my four accounts there receiving a big margin call and no buying power when, in fact, there is lots of surplus when the split is recognized. Three other accounts are similarly screwed up, and they have been unable to deliver shares that were gifted six weeks ago. One rep says it's all the fault of their agent. Another says they are their own clearing agent and that it is an internal EDP failure. On 5/13, it was estimated that the problems would be corrected by now. Now they say maybe 5/17. Have any of you had this problem with other than DBD? If you use DBD, have you been given the same sort of explanation? This thread has been invaluable in many ways. The opportunity to coordinate on problems like this offers yet another type of value. Jack Bridges

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