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

To: Voltaire who wrote (45534)	10/21/1999 10:58:00 AM
From: marginmike	Read Replies (1) \| Respond to of 152472

However Qcom could announce handset sale right after earnings.

To: Voltaire who wrote (45534)	10/21/1999 11:05:00 AM
From: JGoren	Read Replies (1) \| Respond to of 152472

Stock splits do not drive stock prices and are basically meaningless! Look at Amgen. Yesterday, it announced earnings and a stock split as well as a $2 billion stock repurchase. The stock has dropped 10% because the earnings were lower than expected. The Amgen split also proves my point regarding companies liking to keep their stock prices within certain ranges. After the split, Amgen was 85 before the announcement and is about 78 now; it will be approx. 39-40 when the split takes place. The company maintains its stock price in the 35-80 range. Qualcomm likes to maintain its stock above $100/share. Expect a 2:1, possibly 3:1 if there is price improvement before February effectiveness for the split--which will occur immediately after the February 29th Annual Meeting.