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

To: w molloy who wrote (59)	7/29/2000 5:57:31 PM
From: Cooters	Respond to of 172

w, Very interesting year we have ahead of us. I actually look at this as a reverse-Palm. SpinCo is being jettisoned to remove the cross-licensing bugaboo and leave QCOM in the driver's seat. Don't get me wrong, I want to own SpinCo. But if you look at the last quarter's numbers, there was no 'slump' in QCOM. SpinCo had the slump. IMHO, we have a great opportunity to simply own these two businesses or to trade them, or both. Though I think it is for the most part hocus-pocus, I agree with you we may need some TA help over the next year. Cooters

To: w molloy who wrote (59)	7/29/2000 6:34:49 PM
From: brian h	Respond to of 172

WM, To make QCOM go up again, we need some driver or drivers. Hope Monday's driver is a major one. Thanks for the write up on CNXT. Taiwan manufacturers are certainly entering into 2G, 2.5G, and 3G wireless phones manufacturing businesses in a big way after realizing wireless internet is the next growing business besides their strengths in notebook computers manufacturing. We will see if NOK, MOT, and ERICY to benefit or suffer from these new entrants. Brian H.

To: w molloy who wrote (59)	7/29/2000 7:52:56 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 172

>> So - what are the potential trading strategies here? Load up the truck while QCOM is trading below $70. Unload when it hits $110. Load up again when it falls back to ??? In the two spinoff cases I have been involved in, I took different courses: dbcc-mktw: Bought dbcc stock 2 weeks before the ipo date, and sold 2 days before the ipo for a 125% return. coms-palm: Bought coms at-the-money puts the day before the ipo. Sold them on the first day of public trading for a 50% gain. But in neither case was I interested in the stock of the parent or the spin off after the event, so qcom-spinco is very different. Since I'm alread loaded with qcom, I'm considering selling some of my holdings a day or two before the ipo, provided there is a large momentum driven run. I will wait for a few days after the ipo, and replace the shares with at-the-money 2003 LEAPS if there is a dip. As well, since my account is in Fidelity, which has a cooperative arrangement with Lehman Bros., I hope to have access to the ipo of spinco shares. I will buy as many as I can, and flip them the first day spinco is publicly traded. Just some ideas... uf