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

To: John Westman who wrote (36517)	7/21/1999 7:20:00 PM
From: JRH	Respond to of 152472

If this kind of action makes your stomach churn... frankly you should consider a nice, safe money market. I have no problems with the stock volatility, if that is what you are referring to. The time horizon for the stocks I pick are pretty long and I can wait out these ups and downs. I just don't like management's sneakiness. Why they couldn't have been up front about this whole issue is a mystery to me. BWDIK. To each his own, Justin (LONG ON THE Q!)

To: John Westman who wrote (36517)	7/21/1999 7:40:00 PM
From: Morgan Drake	Read Replies (1) \| Respond to of 152472

Thread: With all due respect to all the participants here, as well as with deep appreciation for mgmt's technical and operating brilliance, we do have some indisputable facts to contend with, do we not? To wit: 1. Mgmt knew earnings would blow away all forecasts. 2. Earnings release date was moved up. 3. Earnings were released. 4. Street was blown away. 5. Stock didn't move up 20+ points on the news like it did last quarter (by more than double that amount). 6. The Q to be added to the S&P today. 7. Price to funds was a function of closing price today. 8. Price today was not $180, but rather $156+ at the close. 9. Mgmt subsequently increased offer by ~50% after the close. Are we all in agreement on the above, Class? Good. Now, does anyone here think that Drs. J & V, having foreknowledge, knowledge, dominion or control of items 1,2,3,4,6 and 7, above, anticipated or planned for the occurrence of items 5, 8 and 9? Does anyone here think that they said "Yes, let's do 1-4, 6 & 7, so that we can end up experiencing 5, 8 and 9"? Does anybody here think that late this afternoon Drs. J & V said "Aw what the hell, the pricing is so good, let's increase the offering by 50% just for shitz and giggles."? Ladies and gentlemen of the Thread. I submit to you that this was a botched mission. The Street Sharks, who don't know radio spectrum from their own rectum, snookered our guys. Plain and simple. Real live game theory in action. Morgan