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To: Uncle Frank who wrote (3748)	7/14/1999 12:39:00 AM
From: Ruffian	Read Replies (1) \| Respond to of 54805

Frank, Maybe thats what they have in mind> Qualcomm plans to use the proceeds primarily for working capital and general corporate purposes. In addition, Qualcomm plans to invest the net proceeds in short-term, interest-bearing, investment grade securities.

To: Uncle Frank who wrote (3748)	7/14/1999 12:59:00 AM
From: JRH	Respond to of 54805

Frank: That is where I got the options idea from. Unfortunately, looks like I got the syntax wrong ;) . I admit it...I am one less than an options amateur (whatever that makes me )... Justin

To: Uncle Frank who wrote (3748)	7/14/1999 8:44:00 AM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

The smart companies on the rise make huge money selling puts; Dell has done that for years. I remember reading that for the last 5 year period, dell made more money selling puts than they did selling puters. Frank, I saw that also. However, it doesn't always work that way. When Dell was selling puts, there were a lot of people buying and selling a lot of options. Contrast that with Rainforest Cafe which sold puts and ended up having shares put to them at much, much lower prices than the strike prices. Today the stock is selling at two times cash flow and 75% of book value. My point is that the company and the interest in options has to be sizeable enough so the option players don't know each and every move the company is making and the stock has to do well. I realize that many of the large companies do this on a regular basis, but it isn't a good strategy for all companies. --Mike Buckley