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

To: marginmike who wrote (36492)	7/21/1999 6:43:00 PM
From: Phil Wilson	Read Replies (2) \| Respond to of 152472

I really do not understand why they have done this!!! Q is not showing any respect for the long time shareholders. Just makes me think....Someone should contact them with the boards concerns. P

To: marginmike who wrote (36492)	7/21/1999 6:44:00 PM
From: Eric L	Read Replies (1) \| Respond to of 152472

marginmike, < I dont know why everyone isnt mad, they botched up the whole offering > There will be "good explanations". These explanations will be discussed at lenghth on this board. I for one am MAD! - Eric -

To: marginmike who wrote (36492)	7/21/1999 6:54:00 PM
From: DWB	Read Replies (2) \| Respond to of 152472

"I dont know why everyone isn't mad, they botched up the whole offering." I don't know about anyone else, but from my perspective (which is long) I'll look back on all the hand wringing from today 3 months from now when the stock is bouncing around $200 and get a chuckle. I'm amazed at how the management team goes from geniuses to idiots in the span of a single trading day. I'm also willing to give them the benefit of the doubt for the time being, given the results I have to date. I also haven't seen anything on the definitive price for the offering, and will reserve judgement on that until then. My thought is that they are doing this for a reason, and that rationale will probably materialize in the middle of a Gregg Powers post sometime in the next week or so. Until that time everyone with a day/week/month investing horizon should either take a pill or a deep breath. Just my $0.02 Eudoradollars... DWB

To: marginmike who wrote (36492)	7/21/1999 7:13:00 PM
From: puzzlecraft	Read Replies (4) \| Respond to of 152472

Qualcomm is brilliant. They are the prima-donna company in the CDMA boom. They see it would be great to have some cash to ensure that growth continues as they deal with perturbations and opportunities created as they round the inflection point in the CDMA growth curve. So today, after the close, QCOM moves (now moved) from the S&P MidCap 400 Index to the S&P 500 index. A once in company-lifetime opportunity appears to raise money by feeding shares into the process... selling to institutions which are REQUIRED TO HOLD THE STOCK FOREVER!. Not long ago when Q was at 40 pre-split, their market cap was $3 billion. To raise $1 billion they would have either destroyed the stock or had to have gone deeply into debt. While I have no proof, I'm guessing that the number of shares the Q issued is less than or equal to the difference between the number of shares being sold by the 400'ers and bought by the 500'ers. I think this is great. John