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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (5)6/27/2000 10:13:00 AM
From: Mike Buckley  Read Replies (1) | Respond to of 197284
 
Eric,

Would anyone care to comment on Steve's question?

I'm not an expert on the subject, but I think Steve is right. I believe Steve's thinking is corroborated by Q's CFO's comment that the total write-off would be about $600 million (not $1 billion) if G* failed.

--Mike Buckley



To: Eric L who wrote (5)6/27/2000 11:55:00 AM
From: JGoren  Read Replies (1) | Respond to of 197284
 
my recollection is that the receivables were converted to a longer term financing package. snyder, i believe, has added the package on top of the receivables, which appears to be double counting in part. it's largely the same money. however, we don't know how much Qcom invested in G* partnerships, which adds exposure. also, didn't loral guarantee half of the financing package?


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