Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: limtex who wrote (37597)	8/3/1999 5:19:00 PM
From: marginmike	Read Replies (4) \| Respond to of 152472

If not for my concern in the overall market I would have been activly buying calls today. There are often oppourtunities in Q where analysts make bad analysis and stock goes down.

To: limtex who wrote (37597)	8/3/1999 5:38:00 PM
From: Maurice Winn	Respond to of 152472

True enough Limtex, <The people who bought the 6.9m shares were for the most part investing other peoples money!!!!! They might not be very happy with their decision today and maybe even more unhappy as the rest of this miserable month unfolds. But they may have been more unhappy if it was their very own money!!!!> But I am very happy that Q! got their $1bn at a very good price. Q! could now buy the stock back and that would be, let's see, 6.9m x $16 = $100m profit, which is about the quarterly profit. Bad for those new shareholders, good for us old shareholders. That's management's job = make the existing shareholders rich. Mqurice