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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Art Bechhoefer who wrote (33188)	6/25/1999 9:32:00 AM
From: JohnG	Read Replies (1) \| Respond to of 152472

Precisely Art--And with the huge quick stock price appreciation, I bet some people found themselves w/ more $$ than they had ever seen in their lives and asked their professional advisor how best to care for their new wealth. Knowing nothing about the stocks future potential, a competent advisor would have likely suggested a way to hold on to their profit and move them into a capital gains tax rate. In any case, these people missed the last 30-40% appreciation, but I doubt that they really care if they were in at say $10-$20 pre split. John G

To: Art Bechhoefer who wrote (33188)	6/25/1999 12:03:00 PM
From: llwk7051@aol.com	Read Replies (1) \| Respond to of 152472

Art you stated "If you believe the stock is fully valued (a mistake for QCOM shareholders), you might want to sell short and close your position AFTER you have held the shares for at least a year. That way you can get the lower capital gain tax rate." I don't think this will work for tax purposes. In an over simplification of irs rules, I think the short position will freeze your holding period so the gain will stay short term. You might want to check with your tax advisor if you are ever interested in this technique to get a full explanation. Robert D.