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

To: Hassell Anderson who wrote (34946)	7/14/1999 9:03:00 AM
From: Clarksterh	Read Replies (2) \| Respond to of 152472

Hassell - Thanks, part of the reason I posted on the topic was precisely because I thought that there was a reasonable chance that the problem originated outside Waterhouse and that others should be made aware of it or might know about it. As for Looking at the option symbol, I believe QAA is the root symbol for the options with LWIN included, and QAQ is the root symbol without LWIN. Is there someplace where this is shown, since I have always had to figure it out from the price? You'll have to verify if the you have the correct strike and number of contracts to reflect the split. The deliverable is only 100 shares of post split QCOM (as verified by Waterhouse options desk). In order to 'true it up' they need to double the number of option contracts and halve the strike price. (assuming that 12.5 shares of LWIN are already included in the deliverables for each contract per your earlier comment) Do you have any suggestions for fixing the problem at the root? Waterhouse has the attitude that, 'the computer says it's so, so it must be true'. Clark

To: Hassell Anderson who wrote (34946)	7/14/1999 10:02:00 AM
From: gdichaz	Read Replies (3) \| Respond to of 152472

To Hassell: Thanks for the clarification on LEAPS due in Jan 2000. When LWIN was spun off as a dividend, the Q LEAPS were adjusted to include that dividend within them. This was in Sept 1998. Do you know if this adjustment affected the capital gains treatment in any way? In other words, did the clock start running again in Sept 1998 on the adjusted LEAPS, so that to have a long term gain it is necessary to hold the adjusted LEAPS through Sept? Or would the original LEAP element be considered a long term capital gain if sold today (more than a year after the original purchase) and the dividend element a short term gain? Recognize this is highly complicated (at least for me) but any informed view you have would be most appreciated. Chaz