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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (75345)	7/3/2000 2:16:50 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 152472

the clock is ticking for Globalstar: interactive.wsj.com I think the most likely future is that Globalstar runs out of cash in 2001, and goes bankrupt. The potential for good news on this story is nil, going forward. I see very little chance of anyone giving them any more cash, no matter what the terms. And I see very little chance of them ramping paying subscribers fast enough to be a going concern before they run out of cash. Snatching this cash, and souring relationships with their partners, is a desperation move. Hopefully, QCOM's other businesses will have upside surprises to balance the ongoing bad news from the satellite equipment business. If not, I may get a chance to pick up more QCOM, in the 50-55 range.

To: Sully- who wrote (75345)	7/3/2000 4:02:55 PM
From: A.L. Reagan	Read Replies (1) \| Respond to of 152472

The Motley Fool writer is clueless on LMT and G. LMT was not a backer of G. This is really more a part of the ongoing LOR v. LMT drama. What you have to understand is that LMT is needing to unload its 20%+ holding in LOR. If it takes any adverse action against G, that will further erode its ability to get out of LOR. So, LMT may bitch and moan, but it is a little stuck between a rock and a hard place. Who'd a thunk Bernie would be able to get LMT to pony up big time loan bucks for G? Chase has been paid off in full. QCOM's share relatively peanuts - LOR kicks in $57 million, (indemnity to LMT) the bulk of the balance by LMT. So, I guess now LMT "is" a (reluctant) backer of G.