Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Money Maker (MM) who wrote (50078)	7/13/1999 10:05:00 AM
From: BRANDYBGOOD	Read Replies (1) \| Respond to of 120523

QCOM-does anyone have an opinion of it here? It's down re: the issuance of 4mm shares to meet the need for shares of the index funds when added to the s&P. See: (COMTEX) B: QUALCOMM TO FILE REGISTRATION STATEMENT TO ISSUE COMMON S B: QUALCOMM TO FILE REGISTRATION STATEMENT TO ISSUE COMMON SHARES DECISION COMES AFTER ANNOUNCEMENT TO ADD QUALCOMM TO THE S&P 500 INDEX SAN DIEGO, Jul 12, 1999 /PRNewswire via COMTEX/ -- QUALCOMM Incorporated (Nasdaq: QCOM) today announced that it intends to file a registration statement with the U.S. Securities and Exchange Commission to issue four million shares of common stock, plus an additional 600,000 shares to cover overallotments. All of the shares will be offered by QUALCOMM. The purpose of the offering is to partially meet the anticipated needsof index funds to purchase QUALCOMM common stock when the Company is added to the Standard & Poor's 500 Stock Index. S&P announced last week that QUALCOMM was selected to replace Transamerica in the S&P 500 Index. Transamerica is being acquired by Aegon NV in a transaction expected to close after July 20, 1999. The exact date has not been determined. The offering will be made to the index funds only by means of a prospectus.