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

To: John Hatten who wrote (13693)	8/13/1998 6:50:00 PM
From: gdichaz	Respond to of 152472

Here we go again. Re takeovers. There is a rough and tumble game going on with little question that the Europeans are as was mentioned earlier as dangerous as cornered rats. Not rats (though emotionally that idea has some appeal) but as dangerous as. What to do? The Q will continue as the well managed, technologically brilliant company it is. So? The Surfer has a strong case IMO though that strong contingency planning for a fall back position makes sense. Lining up a "white knight" in Nortel (my personal suggestion), Lucent (hands tied until Oct) or the likes of Cisco or Tellabs leap to mind. Going it alone is by far and away the best for the company IMO. But a strong defense against the campaign to drive the price down which seems to be "associated" shall we say with the position on IPR the Q has taken seems crucial. The sadness many of us feel is that what we face is a 3 to 6 month period of maximum takeover danger before the big mo takes the stock price to where that is very costly and less attractive and a raid is less practical. All just my rant. But can the brains here think of a couple of practical ideas for the defense? Chaz

To: John Hatten who wrote (13693)	8/13/1998 6:52:00 PM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

More (boring) money supply stuff : this is from today's release available at bog.frb.fed.us H.6 (508) Table 2 MONEY STOCK AND DEBT MEASURES Percent change at seasonally adjusted annual rates M1 M2 M3 Debt 3 Months from Apr. 1998 TO July 1998 -3.1 * 4.3 * 4.0 * 5.4 6 Months from Jan. 1998 TO July 1998 -0.3 * 6.8 * 7.7 * 6.0 12 Months from July 1997 TO July 1998 0.6 * 7.3 * 9.3 * 5.9 Thirteen weeks ending August 3 , 1998 from thirteen weeks ending: May 4, 1998 (13 weeks previous) -1.6 * 5.5 * 6.8 Feb. 2, 1998 (26 weeks previous) 0.3 * 7.2 * 9.1 Aug. 4, 1997 (52 weeks previous) 0.9 * 7.3 *** 9.8 Despite several well-known "analysts" saying (recently) on CNBC that one thing making it difficult for interest rates to come down in the U.S. is recent rapid money supply growth, for those of us who choose to actually bother and look at the money supply figures, the growth rates are rapidly declining. Jon.