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


To: estatemakr who wrote (57672)12/12/2006 3:06:14 PM
From: estatemakr  Respond to of 197643
 
12-Dec-2006

Entry into a Material Definitive Agreement

Item 1.01 Entry Into a Material Definitive Agreement
On December 7, 2006, the Company entered into an amendment to its Amended and Restated Rights Agreement (the "Agreement") dated September 26, 2005 between the Company and Computershare Investor Services LLC. The principal purpose of the amendment to the Agreement was to increase (from 15% of the outstanding shares to 20% of the outstanding shares) the threshold at which a person becomes an "Acquiring Person" under the Agreement. This description of the amendment to the Agreement is qualified in its entirety by reference to the amendment filed herewith as Exhibit 99.1.
Item 3.03 Material Modification of Rights of Securityholders. See Item 1.01 above, which is incorporated herein by reference. Under the Agreement, the Company previously issued preferred share purchase rights (the "Rights") as a dividend on the shares of common stock. The amendment to the Agreement modifies the outstanding Rights as described in Item 1.01. Item 9.01 Financial Statements and Exhibits.
(d) Exhibits

Exhibit Description
99.1 Amendment dated December 7, 2006 to Amended and Restated Rights Agreement



To: estatemakr who wrote (57672)12/12/2006 3:21:12 PM
From: estatemakr  Respond to of 197643
 
Maybe Warren B wants to buy us......then what would Jon K think?!! ;-)



To: estatemakr who wrote (57672)12/12/2006 3:37:45 PM
From: waitwatchwander  Read Replies (1) | Respond to of 197643
 
---> Raising the threshold from 15% to 20%

Wouldn't lowering it be poison pill stuff? Whatever's happening, it's looks friendly (or maybe that should be FRANDLY).