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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: steve mamus who wrote (1170)	1/16/2000 4:15:00 PM
From: Poet	Read Replies (1) \| Respond to of 8096

You callin' Jill a LEAPs expert? Eek. :) Man, Steve, you really DO think QCOM's going to bought out, and soon. Hmmmm. I think the answer depends on the nature of the deal. Unfortunately I've never been in the position of holding LEAPs in a company that was bought out or merged. Maybe someone else can answer.

To: steve mamus who wrote (1170)	1/16/2000 4:21:00 PM
From: Jill	Read Replies (1) \| Respond to of 8096

Steve...what makes you think QCOM might get bought? You mentioned it in a previous post, too. Jill

To: steve mamus who wrote (1170)	1/16/2000 5:58:00 PM
From: taxman	Read Replies (1) \| Respond to of 8096

"If QCOM gets bought out prior to expiration...?" If all of the outstanding shares of an underlying security are acquired in a merger or consolidation, outstanding options will as a general rule be adjusted to require delivery of the cash, securities, or other property payable to holders of the underlying security as a result of the acquisition. EXAMPLE: If XYZ is acquired by PQR in a merger where each holder of XYZ stock receives $50 plus 1/2 share of PQR stock for each share of XYZ stock held, XYZ options might be adjusted to call for the delivery of $5,000 in cash and 50 shares of PQR stock instead of 100 shares of XYZ stock. regards