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

To: Keith Feral who wrote (110647)	1/10/2002 1:57:41 PM
From: JohnG	Read Replies (1) \| Respond to of 152472

Motorola looses Iridium loan court case The banking group, J.P. Morgan Chase has won a court case and forced Motorola to pay a US$300 million guaranty that was part of a US$800 million loan to the Iridium satellite company. U.S. District Judge Alvin H. Hellerstein agreed with Chase that Motorola had effective control of Iridium and had mislead investors over Iridium's revenues when the loan was granted. At the time, Motorola held 18% of the company, although it had designed the satellite system. Hellerstein said "There is no right on the part of Motorola to be excused from its obligation to provide its guaranty," Chase was the lead lender in the 17 bank group that issued the Iridium loan, of which US$710 million is still outstanding.

To: Keith Feral who wrote (110647)	1/10/2002 2:13:54 PM
From: limtex	Respond to of 152472

KF - This is the amazing thing about the action of the last few weeks. The stock has relentlessly tanked, the volumes have been building and we have all manner of negative comments including the latest from ML who if I heard CNBC right have dropped doing something with QCOM and replaced it with Ballard Power Systems. Yet this year within a few short months we should see the beginning of waht we have all been waiting for. I don't suppose that the market makers have been trying to puch the stock down just to buy it cheap in anticipation of the rest of the year? Or is that just nonosense to think like that? I do remember China being excluded from the estiamtes though. Best, L