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

To: jpbrody who wrote (36353)	7/21/1999 2:26:00 AM
From: Ruffian	Respond to of 152472

Margin, I hope you didn't watch Charlie Rose Tonite! Mp

To: jpbrody who wrote (36353)	7/21/1999 2:37:00 AM
From: Reagan DuBose	Respond to of 152472

Reagan said: <<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'.>> jpbrody said: < 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.> Agree completely. That is how I understood the remark, but you have expressed it much better than did I. Reagan