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

To: Reagan DuBose who wrote (36345)	7/21/1999 2:10:00 AM
From: jpbrody	Read Replies (2) \| Respond to of 152472

In the conference call, I recall a statement by the QCOM FO that the sale of the new shares would be 'accretive' to earnings per share. This means he thinks the proceeds will be 'used well'. I think the remark was inregard to interest income. The cash raised will be immediately invested at 5% or so, which is equivalent to a P/E of 20 for those new shares. So the offering will be accretive to EPS. Also, I believe someone in the conference call mentioned that the next generations ASIC MSM5000 will have code in it to do voice recognition. I believe this will be an important feature and sell a lot of new ASICS. Jim