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

To: Clarksterh who wrote (13657)	8/13/1998 12:02:00 PM
From: j_b	Read Replies (1) \| Respond to of 152472

<<but is this all there is? If so, not good.>> What isn't in there that you would have liked to see? The provision that has the most effect is the one relating to rights for preferred shares. What normally happens is that when a triggering event happens (someone tries to buy more than a given percentage of outstanding stock, for instance), shareholders have the right to purchase a ridiculously large number of preferred shares for a very low price, thereby seriously diluting the ownership level of the person trying to take over the company. Of course, the person buying the large block is excluded from this preferred stock offering. Over the years, this has proven to be very effective in preventing takeovers that management or the board were against. It gives existing management a great deal of leverage in merger or takeover discussions. Do you consider this a good thing or a bad thing?