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

To: marginmike who wrote (36800)	7/22/1999 2:18:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

Mike, If Q hits 130.00 I will.........eom

To: marginmike who wrote (36800)	7/22/1999 2:22:00 PM
From: Ibexx	Read Replies (2) \| Respond to of 152472

Marginmike, Re. I am looking at 130's to start buying.... I wouldn't hold my breath waiting for that to happen. Cheers, Ibexx

To: marginmike who wrote (36800)	7/22/1999 2:25:00 PM
From: Reagan DuBose	Respond to of 152472

It will be a long time before QCOM has no better use for additional capital than the buyback of their own stock. The funds from this placement go a long way to mitigating the following risk factor quoted from the offering prospectus: <<WE MAY NEED ADDITIONAL CAPITAL IN THE FUTURE, AND SUCH ADDITIONAL FINANCING MAY NOT BE AVAILABLE. The design, development, manufacture and marketing of digital wireless communication products and services are highly capital intensive. In addition, wireless and satellite systems operators increasingly have required suppliers like us to arrange or provide long-term financing or provide equity to them as a condition to obtaining or bidding on projects. In particular we have substantial funding requirements to Leap Wireless. In May 1999, we closed the sale of our terrestrial CDMA wireless infrastructure business. The agreement settled our litigation with Ericsson and provides for cross licensing of intellectual property rights for all CDMA technologies. Pursuant to the agreement with Ericsson, we will extend up to $400 million in financing for possible future sales by Ericsson of cdmaOne or cdma2000 infrastructure equipment and related services to specific customers in certain geographic areas, including Brazil, Chile, Russia and Mexico or in other areas selected by Ericsson. These commitments are subject to the customers meeting certain conditions established in the financing arrangements and, in most cases, to Ericsson also financing a portion of these cdmaOne or cdma2000 sales. To the extent that vendor financing is not repaid to us, it could have a material adverse effect on our business, results of operations, liquidity and financial position. We believe we will be required to raise additional funds from a combination of sources including potential debt or equity issuances. We cannot assure you that additional financing will be available on reasonable terms or at all. In addition, our credit facility places restrictions on our ability to incur additional indebtedness which could adversely affect our ability to raise additional capital through debt financing.>> Reagan <eom>