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

To: Cooters who wrote (77680)7/25/2000 10:47:47 AM
From: Uncle Frank  Read Replies (1) | Respond to of 152472
 
Rickster, you sleep in this morning?

You missed all the excitement!

unQ



To: Cooters who wrote (77680)7/25/2000 4:04:56 PM
From: waverider  Read Replies (2) | Respond to of 152472
 
The spin off...

QCOM gave us 25 shares of LWIN for every 100 shares of QCOM. The LEAPs did the same and consequently never split. So now the pre LWIN LEAPS are worth 800 shares each at a strike price of $10 plus a kicker of 25 shares of LWIN on exercise.

That make sense? This will probably be the same with the chip spin off next year. The IPO would have no effect on the LEAPs from all I know.

Rick


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