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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (46)	7/22/1999 10:31:00 PM
From: w molloy	Read Replies (2) \| Respond to of 13582

Re : Management clearly has something specific in mind [with issuing $1 billion worth of new stock]. Jon, my thoughts were based on the rapid re-adjustment of the share offering in line with the share price to result in $1 billion 'windfall'. w.

To: Jon Koplik who wrote (46)	7/22/1999 10:39:00 PM
From: Ron M	Respond to of 13582

Link to the 424B4 filed by QCOM freeedgar.com The pertinent info Common stock offered by QUALCOMM................... 6,900,000 shares Common stock to be outstanding after the offering................... 159,720,865 shares(1) Use of proceeds.............. Working capital and general corporate purposes. See "Use of Proceeds." Nasdaq National Market symbol..................... QCOM ------------------------- (1) Based upon shares outstanding as of July 19, 1999 (assuming no exercise of options after July 19, 1999). Excludes 46,193,231 shares of common stock reserved for issuance pursuant to QUALCOMM's employee benefit plans and 18,727,706 shares issuable upon conversion of certain convertible preferred securities of QUALCOMM Financial Trust I, a Delaware statutory business trust. USE OF PROCEEDS The net proceeds we will receive from the sale of 6,900,000 shares of common stock after deducting offering expenses payable by us will be approximately $1.079 billion. We intend to use the proceeds of this offering primarily for working capital and general corporate purposes. Pending such uses, we expect to invest the net proceeds in short-term, interest-bearing, investment grade securities.