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

To: quartersawyer who wrote (33922)	4/4/2003 11:51:23 PM
From: pcstel	Respond to of 196493

Didn't Qualcomm sell off about 2/3 of its holdings to get to 6%? If so, any recall of the gains? Qualcomm held about 6% of the PI's in Globalstar. In order to convert the PI's to common. Globalstar had to achieve certain operational metircs for a given period of time, which of course, they never came close to achieving. So the PI's are worthless. Qualcomm's 6% comes via the ~600 million in Vendor Financing Debt claims that Qualcomm has. PCSTEL