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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 (57737)	12/14/2006 2:26:23 PM
From: Jim Mullens	Read Replies (1) \| Respond to of 197647

Re: Raising the threshold from 15% to 20%-- “Potential buyout” Thanks all for the interesting comments. 1. “The cash required to get 20% of a $65 billion market cap company is $13 billion. Not exactly chicken feed,...” True, but with $10B + (& growing) that could be quickly recovered in a buyout. 2. “Like the change in Ambassadors (Saudi)” Big / astute U.S. investors, also 3. “Could Jha's ascension to COO / Has the time come for Spinco? 4. What about GOOG?? Still seems to me that GOOG and QCOM interests' align in many ways, and Schmidt has made his comments on cell phone subsidies well-known. GOOG has plenty of $$$$$ lying around 5 I STILL think we don't know the real reason that Keitel was out of the market. 6. Rethinking ..” Qualcomm might be willing to allow a friendly to take a 20% position” The 20% would be to one fund / group and not a combo of “friendlies” , right??? The largest institutional holder as of last qtr was AXA (82M shares) which owned slightly less than 5%. Buying another 255M shares would cost ~ $9B. The next largest owner was TCW (Stearns- BOD) at 35M shares, significantly less. AXA- France is Huge w/ $326 billion under management. AXA 25 AVE MATIGNON PARIS FRANCE, (212) 554-4489 Position Statistics Report Date: 9/30/2006 Total Positions: 4,082 New Positions: 187 Increased Positions: 1,998 Decreased Positions: 1,610 Positions With Activity: 3,608 Sold Out Positions: 210 Total Market Value (in $ millions): 325,736 7. Gregg (PCM) net QCOM seller- >>>>>>> I think PCM selling may be driven by less than stellar returns their investors have been accustomed to, perhaps resulting in redemptions forcing QCOM sales.