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

To: 16yearcycle who wrote (81165)	9/22/2000 6:15:09 AM
From: maxgo	Read Replies (1) \| Respond to of 152472

You read it on SI first. But you have to remember it too. Sometimes it is nice to read old posts to see that somebody predicted it so well. With the current attitude at the street I doubt that the still unclear situation in China is the reason for the recent upside movement in QCOM. No I came across this post from David E. Taylor, who foresaw it perfectly well. Message 14171889 "A more definitive S-1 registration will get filed at least 5 weeks prior to the IPO date, and will specify the number of shares to be sold/retained and the initial IPO price. With an October IPO scheduled (market conditions allowing and it's a tricky time to go to market), we should see this S-1 by the end of August or first half of September latest. That will place some kind of firm floor under the Spinco IPO, and all you need then is a an idea of what market cap the street will assign the remaining QCOM. With the numbers being thrown around, that should be at least $40 billion, valuing the combined package at least at $60 billion, or $75/share for QCOM. Factor in some good news on QCOM and a more optimistic IPO pricing and you can easily get to $85-$95. Worse case scenario would be a continued slide in QCOM that the IPO compensates for." The numbers for the SpinCo valuation are out on the street. SpinCo IPO was planned for sometime October, so the investment bankers must have been busy preparing the groundwork. The above-mentioned S-1 statement has not been filed yet, but it is lying around in the bankers´ and lawyers´ offices. Now of course the investment banks have "chinese walls" between their different departments but hey, you can go out for lunch with a friend, no ? So the news gets around at the street. The upside movement was far too pronounced from my point of view that it was just the generally changing sentiment or the China news. I expect the S-1 statement to be filed within the next two weeks at the very latest, which will then cause QCOM to drop a little. Remember ? Sell on good news.