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

To: lkj who wrote (1615)	7/30/2000 11:04:27 PM
From: cfoe	Respond to of 196809

That's enough for me to think that they were trying to sell it before the employee meeting. From the perspective of maximizing shareholder value (remember Jacobs, et al are major shareholders) and plain business sense, selling the ASIC division would have been dumb, dumb, dumb... I would assume employees began to get wind that something was up with the division and rumors began that a sale was in the offing (maybe to NOK as a way to bring them into the 3G fold). Management holding a meeting to say "no sale happening" would be necessary in this case. All the while the spin off is moving forward. Remember a lot of work needed to happen to get the S1 ready, to initiate conversations with the IRS, etc. It is amazing to me management was able to keep the news quiet as long as they did. Anyway, that's my take, FWIW.