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

To: Art Bechhoefer who wrote (129296)	5/26/2003 3:19:46 PM
From: verdad	Read Replies (1) \| Respond to of 152472

Art, given that LEAP's original project portfolio contained a number of large, but highly doubtful strategic investments in third world regions like S. America and Russia and the fact that LWIN was playing a high stakes spectrum auction poker game in the U.S. (acquiring patchwork, often rural, spectrum licenses in hopes to sell them to larger players at a premium), it made bankruptcy almost a certainty. QCOM arguably used LWIN to transfer contractual obligations regarding a number of 'strategic' wireless networks that were liabilities and could not be sold to ERICY in the infrastructure deal. When the 'spin-off' of LWIN occurred, mgt provided a 'dividend' in the form of 1 LWIN share for every 4 QCOM shares (for existing QCOM shareholders), taking advantage of the bull market. Psychologically, more people purchased QCOM, thus increasing shareholder wealth. According to insider data provided, Harvey White purchased 200,000 shares of LWIN at around $2 per share. LWIN climbed as high as $110 later that same year. Not bad for a few months work. I still remember when my hairstylist suggested purchasing LEAP. It was about the same time the grocery bag boy was recommending QCOM. I sold both not long after. - g/ng -