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


To: BDAZZ who wrote (54618)8/17/2006 6:39:35 AM
From: JeffreyHF  Respond to of 196527
 
First, a disclaimer, as I haven`t read the recent Delaware complaint, only the respective press releases. Being the most recent filing by Nokia, one can infer it includes their most current thinking.The entire Delaware case appears to involve the definition and enforcement of what constitutes FRAND licensing of essential patents in GSM and UMTS,rather than a determination of whether Qualcomm holds such patents.Wouldn`t tis most recent case be frivolous, and moot, if Qualcomm weren`t first conceded to own essential IPR for both standards?



To: BDAZZ who wrote (54618)8/17/2006 9:09:19 AM
From: GO*QCOM  Read Replies (1) | Respond to of 196527
 
S.D.'s Leap Wireless is offering 5.6 million shares

STAFF AND NEWS SERVICES

August 17, 2006

Looking to raise money to expand its business, San Diego company Leap Wireless said yesterday that it was conducting a secondary offering of 5.6 million shares at $42 a share.

The offering was a forward sale, which means Leap will receive the funds at some point in the future. Goldman, Sachs & Co. and Citigroup Corporate and Investment Banking are underwriting the offering and have the option to purchase an additional 840,000 shares.

News of the offering bolstered Leap's share price, driving the stock up $2.31 to $45.03.

Leap said it would use any funds raised from the offering to help fund the acquisition of wireless licenses or the repayment of bridge loans to acquire those licenses.

Leap is participating in the Federal Communications Commission's current wireless auction. Last week, the company said that it had commitments for as much as $850 million for an unsecured bridge loan.

Analysts said Leap was maintaining discipline with regards to its wireless spectrum strategy.

A research note from Bear Stearns said Leap has high bids on $583 million in licenses in 18 markets, including those in the Northeast, a region where Leap has not had much of a presence. Leap offers low-cost wireless service in select markets around the country.

In a research note, Credit Suisse analyst Chris Larsen wrote, “We believe management will only use this available capital if it can purchase spectrum in the right markets at the right price.”

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