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

To: DanQUAL who wrote (36530)	7/21/1999 7:39:00 PM
From: Andrew N. Cothran	Read Replies (1) \| Respond to of 152472

To all of you nay-sayers: Go back and read Maurice Winn and the Slacker, among others. QCOM management knows what it is doing. And it is doing it for the benefit of the shareholders(maybe not the option traders) but certainly for the shareholders. I've been with this company for more than two years. And 1 3/4 of those years were hard to bear. But I stuck with QCOM because it had the brains and the patents and the technology AND THE MANAGEMENT and the current stock price shows it. So educate yourself. Look at the closing price on April 21, 1999. Then go back to the week prior to April 21, 1999 and look at the closing prices. Then go back to the month of April 1998, and look at the closing prices. Then come forward to the current month and look at the closing prices. Once you have done this, then tell me what kind of management do you think that the Q enjoys. So lay off, guys and gals, and smell the roses. QCOM management needs to be applauded, not derided. And this message is brought to you by one of the new quillionaires!

To: DanQUAL who wrote (36530)	7/21/1999 7:44:00 PM
From: slacker711	Read Replies (2) \| Respond to of 152472

One other thing on the stock offering....Did anyone notice that the dilution represented by the 6m shares is tiny compared to the amount that has been going on in the last year. Last year the company had 148m shares diluted versus 188m this year. The Q would have completely blown away every estimate out there (even those on this thread) if they simply had as many shares as the analysts predicted. Salomon had them down for 160m shares. For some reason I dont think that an extra 6m going to the company (rather than to employees options) will make much of a difference over the long-term. I really dont think that their were any deceitful plans. Any investment bank would have had multiple plans available to the Q....all depending on demand. The one thing the Q wouldnt want to do is have an offering which was met with too low demand (then the stock price really would have fallen). It's sort of like an IPO. They start low, check demand, then raise to a slightly higher point (still leaving some demand out there). Slacker