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

To: Gregg Powers who wrote (13685)	8/13/1998 5:15:00 PM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

Gregg - (my wife and) I thought there was only one stupid a$$!*%$ "analyst" thing to be angry about -- a Cowen & Co. report. What was the Cabi thing? Jon.

To: Gregg Powers who wrote (13685)	8/13/1998 5:23:00 PM
From: JMD	Read Replies (1) \| Respond to of 152472

Gregg, thanks very much for your reply. To be honest, that's one of the reasons that I posted Cabi's remarks earlier this week: his comments in the SF Chronicle went beyond any responsible analyst I've read. His words just jumped off the page. And since I've been harboring this bear raid fear for a long time now, I couldn't help but think "oh,oh, here we go". I absolutely agree that posting a $.55 quarter would be a major blast to a cheap takeover, and it sickens me to think of the white knight alternative, but those are the only alternatives, short of litigation, that I see. Damn man, this is where the rubber really hits the road. Note to Maurice: this kind of stuff is not taught in Econ 1A, but it should be. Mike Doyle

To: Gregg Powers who wrote (13685)	8/13/1998 5:33:00 PM
From: marginmike	Respond to of 152472

You often imply that Cabi has a agenda. WHY? whats his motive. I also think you should pass the deutsche Morgan Downgrade a week before earnings. This was on 6 month old news!

To: Gregg Powers who wrote (13685)	8/14/1998 10:54:00 AM
From: Clarksterh	Read Replies (1) \| Respond to of 152472

Research on hostile takeovers over the last few years: I found 9 attempted hostile takeovers of companies: Pennzoil/Union Pacific (failed) CSC/Computer Associates (lawsuit but failed) Smithkline Beecham/Glaxo (failed) Northwest Airlines/KLM (lawsuit but failed) Echlin/SPX (white knight) First Interstate Bank/Wells Fargo (succeeded) Lotus/IBM (succeeded) ITT Sheraton/Hilton (white knight) Chrysler/Kerkorian (failed) In that list there is only one where I am reasonably sure that the acquisition target was forced to sell when they didn't want to, First Interstate Bank. Lotus knew they had to sell to someone, ITT is in the process of divesting itself anyway, and I don't know much about the Echlin situation. After doing this review, I would say that I am much more sanguine about a possible takeover of QCOM given that the board probably wants to stay independent. My biggest worry now is that a fight could get expensive and distracting. Clark