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

To: Jon Koplik who wrote (11124)	5/30/2000 6:41:00 PM
From: waverider	Respond to of 13582

Now that's some news with teeth in it. OT: Q LEAPS:TAXES/EXERCISE Update: No I am not talking about jumping jacks, although we all should be a little slap happy today... Anyway, about those LEAP questions I had. I have contacted a lot of people and dug as deep as I can and here is the scoop (talked to my accountant, other traders, IRS, read pubs, etc.). NO WHERE is there a definitive explanation of the wash rule in terms of options. The IRS doesn't even have a clue. So the general perspective is this: When you sell an option on a stock for a loss, then rebuy within the 30 wash period an option on the same stock BUT at a different strike...then it is a different security and does not fall under the wash rules. A stronger case could be made if you buy an other option with a different expiration date as well. If the IRS wants to fight you on it, then that's what they will have to do because there are no clear rules on the issue. Thanks to all of you who sent me notes on the matter. About the prob I had with Fidelity regarding their refusal to exercise my $10 QCOM LEAPs. Well, I am going to have to wait because I don't have the money now to exercise...took advantage of the recent Q slump and used it all up darn it. But when December comes, I plan on exercising, so stay tuned. Rick

To: Jon Koplik who wrote (11124)	5/30/2000 10:12:00 PM
From: Clarksterh	Read Replies (4) \| Respond to of 13582

Regarding battery power for 3G CDMA, GPRS and EDGE: Just FYI - All of these technologies require more power at higher bit rates. CDMA is more efficient for a variety of reasons, and thus should require substantially less, but still it is no surprise that a standard battery on a standard cell phone doesn't last too long when trying to send out 100's of kbps. But since I don't really needing continuous high rates to my handset (separate from my notebook PC) I don't really view this as a problem. The bigger problem for GPRS and EDGE is that their rates are not all that was promised. Clark