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

To: marginmike who wrote (36500)7/21/1999 6:56:00 PM
From: alias  Read Replies (1) | Respond to of 152472
 
"Thats not the point. The deception of shareholders is what is unaceptable."

I padded my kid's custodial fund with a little extra today on the dip and didn't think a thing about it. BUT I probably would not have done it today before the closing bell had I know about managements $2 billion surprise. Is it a big deal? Well, hell, I don't know. Stock might go to the moon in the morning and never come back down. But, as an investor in Q I would like to have known ahead of time and heard management's explanation of why even if it's "I can't tell you right now...trust me" or something to that effect.



To: marginmike who wrote (36500)7/21/1999 6:58:00 PM
From: gc  Read Replies (1) | Respond to of 152472
 
I don't get it. Where is the deception? It's standard practice for all public offering in which underwriters may have extra shares to cover over allotment. As far as stocks price goes, I have no complaint. The stock has risen from 100 to 160 in only a few weeks.


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