Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 175.25

+0.6%

Dec 19 9:30 AM EST

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To: Art Bechhoefer who wrote (30314)	5/19/1999 2:22:00 PM
From: JGoren	Read Replies (1) of 152472

You are correct on insider sales. I didn't look at Viterbi's holdings and options but the same is probably true for him as it is for Jacobs. Jacobs' sales were roughly equivalent to the number of options he had to exercise, and he has about the same number of options outstanding as for which he exercised and sold the shares. Somewhere in the proxy statement it listed options that were exercisable through, IRRC, some date in February. In any event, it did not seem to be a substantial reduction in total shares owned (in the trusts) and subject to future option exercise. The decline in the stock may, in part, be attributable to sales by insiders and other employee option holders, which is putting a larger number of shares onto the market and into float. Employees who are leaving may be exercising also. If this is true, then it will take a little while for the market to "digest" the new shares.

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