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

To: Ramsey Su who wrote (11931)	7/1/1998 11:37:00 AM
From: Jon Koplik	Respond to of 152472

Ramsey - if the imputed value (for taxes due on the distribution) is, say, $8 a share (of the spin-off), then, on the "ex-distribution" day of trading, QCOM should open exactly $2 lower. A more interesting question (I think) is : what is the CBOE going to do about this (with respect to QCOM listed options)? Jon.

To: Ramsey Su who wrote (11931)	7/1/1998 11:42:00 AM
From: Gregg Powers	Read Replies (2) \| Respond to of 152472

Ramsey: You make perfect sense. I think everybody may be inferring too much from the current price action. Many institutions avoid selling stocks near quarter end because it hurts their performance (and reduces their fees). Within this context and given the light trading volume, today's decline could easily be attributed to profit taking after a quick run-up. As for the spin-off structure and details. All I can say is "relax". We can speculate 'til we're blue-in-the-face, but until the lawyers cut loose on the document we are largely wasting our time with "hip-shot" analysis. Best regards, Gregg