Dissolution was marked N/A. Therefore, bought more?
Form SC 13G for QUALCOMM INC/DE filed on Feb 17 1999
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
SCHEDULE 13G
(Name of Issuer) Qualcomm Incorporated
(Title of Class of Securities) Common Stock
(CUSIP Number) 747525103
NAME OF REPORTING PERSON Private Capital Management, Inc.
I.R.S. IDENTIFICATION NO. 59-2756929
MEMBER OF A GROUP? (b) X
PLACE OF ORGANIZATION Florida
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: SOLE VOTING POWER 5,500 SHARED VOTING POWER 0 SOLE DISPOSITIVE POWER 5,500 SHARED DISPOSITIVE POWER 3,443,556
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,449,056
PERCENT OF CLASS REPRESENTED BY AGGREGATE AMOUNT BENEFICIALLY OWNED 4.9%
TYPE OF REPORTING PERSON IA
NAME OF REPORTING PERSON Bruce S. Sherman
I.R.S. IDENTIFICATION NO. 076-40-9647
MEMBER OF A GROUP? (b) X
CITIZENSHIP U.S. Citizen
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: SOLE VOTING POWER 107,435 SHARED VOTING POWER 12,700 SOLE DISPOSITIVE POWER 107,435 SHARED DISPOSITIVE POWER 3,701,756
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,809,191
AGGREGATE AMOUNT BENEFICIALLY OWNED EXCLUDES CERTAIN SHARES (yes)
PERCENT OF CLASS REPRESENTED BY AGGREGATE AMOUNT BENEFICIALLY OWNED 5.5%
TYPE OF REPORTING PERSON IN
NAME OF REPORTING PERSON Michael J. Seaman
I.R.S. IDENTIFICATION NO. 060-38-4348
MEMBER OF A GROUP? (b) X
CITIZENSHIP U.S. Citizen
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: SOLE VOTING POWER 12,000 SHARED VOTING POWER 0 SOLE DISPOSITIVE POWER 12,000 SHARED DISPOSITIVE POWER 0
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,000
AGGREGATE AMOUNT BENEFICIALLY OWNED EXCLUDES CERTAIN SHARES (yes)
PERCENT OF CLASS REPRESENTED BY AGGREGATE AMOUNT BENEFICIALLY OWNED 0.0%
TYPE OF REPORTING PERSON IN
NAME OF REPORTING PERSON Gregg J. Powers
I.R.S. IDENTIFICATION NO. 262-73-2508
MEMBER OF A GROUP? (b) X
CITIZENSHIP U.S. Citizen
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: SOLE VOTING POWER 9,300 SHARED VOTING POWER 0 SOLE DISPOSITIVE POWER 9,300 SHARED DISPOSITIVE POWER 0
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,300
AGGREGATE AMOUNT BENEFICIALLY OWNED EXCLUDES CERTAIN SHARES (yes)
PERCENT OF CLASS REPRESENTED BY AGGREGATE AMOUNT BENEFICIALLY OWNED 0.0%
TYPE OF REPORTING PERSON IN
NAME OF REPORTING PERSON SPS Partners, L.P.
I.R.S. IDENTIFICATION NO. 65-0496234
MEMBER OF A GROUP? (b) X
CITIZENSHIP U.S. Citizen
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: SOLE VOTING POWER 0 SHARED VOTING POWER 0 SOLE DISPOSITIVE POWER 0 SHARED DISPOSITIVE POWER 240,000
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 240,000
AGGREGATE AMOUNT BENEFICIALLY OWNED EXCLUDES CERTAIN SHARES (yes)
PERCENT OF CLASS REPRESENTED BY AGGREGATE AMOUNT BENEFICIALLY OWNED 0.3%
TYPE OF REPORTING PERSON IA
ITEMS 1 - 10 OF GENERAL INSTRUCTIONS
Item 1. (a)Name of Issuer: Qualcomm Incorporated (b)Address of Issuer: 6455 Lusk Blvd, San Diego, CA 92121
Item 2. (a)Name of Person Filing: See Exhibit 1 (b)Address of Person Filing:3003 Tamiami Trail N., Naples, FL 33940 (c)Citizenship: See Exhibit 1 (d)Title of Class of Securities: Common Stock (e)CUSIP Number: 747525103
Item 3. The reporting person is filing as an Investment Adviser registered under section 203 of the Investment Advisers Act of 1940.
Item 4. Ownership (a)Amount Beneficially Owned: See Exhibit 1 (b)Percent of Class: See Exhibit 1 (c)Number of Shares as to which such person has: (i)sole power to vote or to direct the vote: See Exhibit 1 (ii)shared power to vote or to direct the vote: See Exhibit 1 (iii)sole power to dispose or to direct the disposition of: See Exhibit 1 (iv)shared power to dispose or to direct the disposition of: See Exhibit 1
Item 5. Ownership of Five Percent or Less of Class: N/A
Item 6. Ownership of More than Five Percent on Behalf of Another Person: N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: N/A
Item 8. Identification and Classification of Members of the Group: See Exhibit 1
Item 9. Notice of Dissolution of Group: N/A
Item 10. Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect.
SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: See Exhibit 2 Signature: See Exhibit 2 Name/Title: See Exhibit 2
Exhibit 1
Item 2. (a) Name of Person Filing 1) Private Capital Management, Inc. 2) *Bruce S. Sherman 3) *Michael J. Seaman 4) *Gregg J. Powers 5) SPS Partners, LP
(c)Citizenship 1) Florida 2) U.S. 3) U.S. 4) U.S. 5) Maryland
Item 4. (a) Amount Beneficially Owned 1) 3,449,056 2) 3,809,191 3) 12,000 4) 9,300 5) 240,000
(b) Percent of Class 1) 4.9% 2) 5.5% 3) 0.0% 4) 0.0% 5) 0.3%
(c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 1) 5,500 2) 107,435 3) 12,000 4) 9,300 5) 0
(ii) shared power to vote or to direct the vote 1) 0 2) 12,700 3) 0 4) 0 5) 0
(iii) sole power to dispose or to direct the disposition of 1) 5,500 2) 107,435 3) 12,000 4) 9,300 5) 0
(iv) shared power to dispose or to direct the disposition of 1) 3,443,556 2) 3,701,756 3) 0 4) 0 5) 240,000
*Bruce S. Sherman is President of Private Capital Management, Inc. ("PCM") and exercises shared dispositive power with respect to shares held by it on behalf of its clients. Mr. Sherman is also the Managing General Partner of SPS Partners, LP ("SPS") which act as the Investment Advisor for the Entrepreneurial Value Fund, L.P. ("EVF"), and exercises shared dispositive power with respect to those shares. Messrs. Seaman and Powers are employee of PCM or affiliates therof and they (i) do not exercise sole or shared dispositive or voting powers with respect to shares held by PCM or SPS, (ii) disclaim beneficial ownership of shares held by Mr. Sherman, PCM and SPS and (iii) disclaim, along with Mr. Sherman, the existence of a group.
Exhibit 2
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 16, 1999
______________________________________ Bruce S. Sherman President of Private Capital Management, Inc.
______________________________________ Bruce S. Sherman Managing General Partner of SPS Partners, LP
______________________________________ Bruce S. Sherman Individually
______________________________________ Michael J. Seaman Individually
______________________________________ Gregg J. Powers Individually
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