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

To: Maurice Winn who wrote (36239)	7/20/1999 7:43:00 PM
From: Maurice Winn	Respond to of 152472

4m or more new shares = something like $700 which is the equivalent of $1bn pre tax income. Which is a much faster way of getting into China than waiting for money to roll in at 86c pro forma, less actual expenses not included, less tax. $1bn is real money. $1bn here, a billion there, soon Q! is going to be dealing in large amounts of money. Pinching myself, Mqurice

To: Maurice Winn who wrote (36239)	7/20/1999 7:43:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

China We [New Zealand] sent Jenny [or Prime Minister] to China a couple of days ago and she has been having chats with Zhu Rongji and Jiang Zemin about Free Trade. She has been a bit concerned about USA not buying lamb. China is interested in this Free Trade stuff and has been having discussions with Bill C about it. He didn't like the discussions so bombed the Chinese embassy and killed some Chinese. Which is not the best way to treat potential customers, as some of you who have spent time trying to get customers will understand. He seems to have handed them a stick with which to beat him by cutting off NZ and Australia from lamb sales to USA. What we'll do, is get Qualcomm to build cdmaOne and cdma2000 production in China. We'll buy all our stuff from them instead of from USA and they'll buy our lamb. That cuts USA out of the loop. Meanwhile, Cox and his mates cancel the USA space industry because they don't want to sell to those icky Chinese, which will further isolate the USA. It doesn't seem that Free Trade is getting a lot of support from the USA who once upon a time claimed to be interested in it. Oh well, I guess they see that as a good idea. Maybe China, Japan and New Zealand will just have to enjoy life without them. Maorice PS: APEC meeting in Auckland in a couple of months. Bill can explain his cunning strategy then. Then America's Cup racing starts in Auckland a month or so after that. Which will be fun too.

To: Maurice Winn who wrote (36239)	7/21/1999 6:27:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

Big Sales Heck, blowing the barn doors off! 12.47m shares reported on Yahoo with the average price around $160 means just on $2bn in stock changed hands today. Give or take that business about some being double counted. That is bigger than $1.5bn yesterday. The $1bn sale on the Ericy deal date and the $0.6bn selloff on the Korean panic day are now small fry. 16m Korea Day x $50 = $800m 12m Ericy Day x $80 = $1bn 9.7m S&P Preday x $162 = $1.5bn 12.5m S&P500 x $160 = $2bn [Sorry, I swapped the Korea Day/Ericy day share figures yesterday] Tomorrow? I suppose it will be hefty volume too. That means that a LOT of people have now got a cost basis way up there near $150 a share. With the fundamentals sound, that is a very big vote of confidence in Q! future. Globalstar rocket going up in a few days! That will give some lift too. Meanwhile, Q! is going to sell more shares. 6m instead of 4m. That would be enough to move the price down a bit at the close. A lot of guessing on the S&P listing price is obvious. 6m x $160 = $1bn Good grief. If that was funded by way of after-tax, bottom line profit accumulation, we'd be waiting years. Qualcomm can now do some serious expansion of production capacity and do it in China, where it counts. Maybe even in India's Mancherian.com or whatever that new domain name they registered was called. [Maybe that name was just from some Indian guy who thought it would be a good name since he was from there and Q! could pay and Q! didn't know anything about it and he is surprised to find it discussed on SI]. Mqurice [Funny, I haven't noticed a decline in the Dow to 8222 even though oil remains high and it's well past time for a panic. I guess like Iridium debt, I'll have to reschedule it since people are obviously keen to put off the evil day. 21 August might be more auspicious]