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: Boplicity who wrote (60082)	1/6/2000 1:51:00 PM
From: T L Comiskey	Respond to of 152472

Thursday January 6, 1:11 pm Eastern Time Company Press Release SOURCE: QUALCOMM Incorporated QUALCOMM Announces Redemption of 5 3/4% Trust Convertible Preferred Securities SAN DIEGO, Jan. 6 /PRNewswire/ -- QUALCOMM Incorporated (Nasdaq: QCOM - news) today announced it has issued a call for the redemption of its 5 3/4% Trust Convertible Preferred Securities (``TCPS') on March 6, 2000. The redemption price will be $51.00 per TCPS plus accrued and unpaid interest. Alternatively, holders may elect to convert each TCPS into 5.5056 common shares of QUALCOMM and 0.17205 common shares of Leap Wireless International, Inc. (Nasdaq: LWIN - news) at any time prior to 5:00 p.m. on March 3, 2000. Upon conversion, holders would receive QCOM and LWIN common stock with an aggregate value of approximately $873.00 per TCPS based upon closing stock prices on January 5, 2000. The Company anticipates that substantially all holders will elect to convert TCPS into common shares rather than allow redemption. QUALCOMM originally issued $660 million of TCPS in February 1997 through QUALCOMM Financial Trust I. Approximately 60% of those securities have since converted into stock. No additional dilution to earnings is expected from remaining conversions, because the Company's financial statements have already reported fully diluted earnings per share assuming the conversion of all TCPS. Holders seeking to convert TCPS into common stock must contact their broker to arrange for surrender of the securities. QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. The Company's business areas include integrated CDMA chipsets and system software; technology licensing; Eudora© email software for Windows© and Macintosh© computing platforms; and satellite-based systems including OmniTRACS© and portions of the Globalstar(TM) system. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index, is a 1999 FORTUNE 500© company and ranked number 14 on FORTUNE's ``100 Best Companies to Work for in America.' Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including timely product development, the Company's ability to successfully manufacture significant quantities of CDMA or other equipment on a timely and profitable basis, and those related to performance guarantees, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 26, 1999, and most recent Form 10-Q. QUALCOMM, Eudora, and OmniTRACS are registered trademarks of QUALCOMM Incorporated. Globalstar is a trademark of Loral QUALCOMM Satellite Services, Incorporated. Windows is a registered trademark of Microsoft Corp. Macintosh is a registered trademark of Apple Computer Inc. All other trademarks are the property of their respective owners.

To: Boplicity who wrote (60082)	1/6/2000 1:57:00 PM
From: Jim Willie CB	Respond to of 152472

employmt numbers will be seasonally adjusted by the fed statrats Christmas skews everything, or is this November data? fed statrat seasonal adjustment is one of the funniest examples of quantitative analysis incompetence I have ever been witness to... we also call ourselves "quant jockies" feds have yet to shift from mfg-based economy to service and information based... this messes up their seasonal adjustments for anything to do with Q1 and Q4 bigtime yes, we may be on the defensive after, but I doubt it I always position myself on expectations relative to where we stand... right now, interest rates are up lately... the bigger profit comes from rates sliding DOWN from here, not up... this is about profiting, not being accurate in measurements and perspectives, hilariously... so now the experts will put a positive spin on whatever employment numbers that are released... because: more money to be made if rates come down... the herd is wrong 80% of the time are you a member of the herd, Frenchman? I dont think so arent Treasuries stretched out on highrate side now? more likely to see 6.45% again before 6.75% later we might see 6.75% but pros can make much money by capturing both directions just the opinion of a poor tech sharecropper / Jim