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

To: Clarksterh who wrote (25117)	3/25/1999 9:29:00 PM
From: SKIP PAUL	Read Replies (2) \| Respond to of 152472

I guess QCOM could porvide vendor financing for CSM ASIc's. What makes you think there is no excess cash? As far as I know the terms were not disclosed.

To: Clarksterh who wrote (25117)	3/25/1999 9:33:00 PM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 152472

I think one of the attributes of a well managed company is that it tries to do only what it can do best. Infrastructure is a capital intensive business that sometimes takes years for a payback. Look at all the trouble even getting payments for stuff sent to Russia and Ukraine. QUALCOMM did a wise thing to let Ericsson deal with those problems. Meanwhile Q can continue to work on its chips that make infrastructure equipment work better. I just think this is a smart move on Q's part, leading to better cash flow, less need for outside financing, new shares, diluted earnings, etc. In the best interests of shareholders, unlike what you find at many, many other companies. I also heard on public television nightly business report that Q is selling the infrastructure operation for around $1 billion. Sounded like a cash deal. Where does the money go? Reduce debt, or have financing available for Globalstar, LEAP Wireless, etc., if those companies should need it.