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


To: The Reaper who wrote (64)7/30/2000 7:09:54 PM
From: samim anbarcioglu  Read Replies (1) | Respond to of 172
 
Hello Kirby,
<<As far as I can tell, for every 10 million shares of Spinco floated to the public at the IPO, QCOM shareholders would get .1125 shares of SPIN for every QCOM share they have.>>

So, if Spinco floats 10M shares, and an hypothetical individual owns 100,000 QCOM shares in an account, he will get
1 * 100,000 * 0.1125 = 11,250 shares.

Did I understand correctly?
Thank you very much for the info.
regards,
sam a