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

To: Ruffian who wrote (7289)	3/7/2000 8:25:00 PM
From: q_long	Read Replies (2) \| Respond to of 13582

A eudora sale would not surprise me. Great product just to many free email programs out their. Omnitracs is a cash cow doubt it will go.

To: Ruffian who wrote (7289)	3/7/2000 8:26:00 PM
From: Ron M	Respond to of 13582

Info on the Kyocera purchase of the handset division; From the 8K. ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. On February 21, 2000 (the "Closing Date"), QUALCOMM Incorporated ("QUALCOMM") and QUALCOMM Personal Electronics sold certain assets related to their terrestrial-based wireless CDMA consumer phone business (the "Assets") to Kyocera Wireless Corp. ("KWC"), formerly known as KII Acquisition Company, pursuant to that certain Asset Purchase Agreement dated December 22, 1999 among QUALCOMM, KWC and Kyocera International, Inc., as amended by that certain First Amendment to Asset Purchase Agreement, dated as of February 20, 2000 (as amended, the "Asset Purchase Agreement"). QUALCOMM received $216,144,412 in cash on February 22, 2000 and will receive an additional $19,363,176, plus interest from February 22, 2000, in cash on consummation of that aspect of the sale relating to certain foreign business operations and assets (the "Second Closing Date"). The Second Closing Date is expected to occur in March 2000. Initial consideration for the Assets will total $235,507,588, provided however, that the total consideration to be paid for the Assets will be based on a final determination made after the Closing Date of the value of the net assets actually sold. A description of the transaction is set forth in the Press Release issued by QUALCOMM dated February 22, 2000, a copy of which is attached hereto as Exhibit 99.1.