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

To: gdichaz who wrote (452)	7/7/2000 5:23:10 PM
From: quidditch	Read Replies (2) \| Respond to of 197606

Chaz, I have to respond to that, because it is wrong. In fact, Irwin has been quoted in a statement that purports to clarify Q's understanding of the status of the underlying events, or lack thereof: Message 14010240 Ignoring this "comment" for the moment, Q could have elected to say nothing at all, not because of any putative "quiet period per legal/regulatory restrictions" but because there is simply nothing out there on which Q elected to comment formally. To wit, earnings CC in 12 days notwithstanding, there is nothing preventing Q from disclosing today (or Monday or next week, for the avoidance of doubt), for example, a chip or license deal with NOK, an OnStar-like deal with Ford, etc. In fact, securities laws practice would mandate disclosure of material news, absent some confidentiality or other business or contractual reason agreed with the partner in the newsworthy event. Look at it this way: if there were a fire, earthquake or other catastrophe that might affect the fab where Q's ASICs are manufactured, you would suggest that Q could not issue a damage assessment re. effects on ASIC manufacture? All we are aware of today is that there are news service stories concerning the supposed election of a 3G technology standard by the Korean carriers. Until confirmed or denied at the sources, Q would be foolish to issue a definitive comment. Others have commented that a "handholding" release might do more harm than good. In any event, "quiet period" concepts have nothing to do with that. Once having set a date for the earnings release, Q has elected to forebear from disclosing information on Q3 results, absent developments that reveal a material discrepancy from previously issued public guidance. On other "news", there is no quiet period. There is no way that Korean carriers' supposed election of a 3G standard could bear on Q3 results. The handset subsidy issue, that will surely affect Q4 results, has already been addressed publicly. (We will see on July 19 whether that guidance changes.) Steve