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


To: kech who wrote (15327)9/22/1998 4:15:00 PM
From: Maurice Winn  Read Replies (2) | Respond to of 152472
 
Tom, you ought to live in New Zealand. Leap Wireless International share issue is not considered a taxable payment here, nor do I have to pay capital gains tax on either Qualcomm or Leap. Capital gains tax is only payable by 'traders' which is a somewhat cloudy definition which the courts decide on an individual basis depending on trading history, and various factors leading to the conclusion that the person is not a long term holder and taxable dividend collector.

Of course, when it comes to other taxes, you need to leave New Zealand! Overall New Zealanders get ripped off about 50% of income when alcohol, gasoline, cigarette, GST, licences, permits, rates, income tax, television tax, this tax that tax and the other tax are included.

Meanwhile, Mighty Q at last heading for $80 and pdq I hope! I suppose the worldwide crunch was just too much for Qualcomm to oppose singlehandedly. Limtex, did you bid Qualcomm farewell from its natural home with tears in your eyes? This time it bloody well better not go back there again! I'm sick of it.

Mqurice

Yayyy = the next genration one they are showing today at PCS98 is a waveform compatible overlay system which can do around 600k bps to the user and around 200k bps back from the user.



To: kech who wrote (15327)9/23/1998 10:52:00 AM
From: dougjn  Respond to of 152472
 
My guess is that the end result will be that the whole value of the Leap Wireless share distribution on day 1, which each Q holder receives, will end up being treated as ordinary income. (Because the initial value of the Leap shares will be low enough and the E&P high enough, for that result.)

Doug