The rumor has it: QCOM is spinning off QCT

[pepsi]

That is what my wife heard from 2 friends whose husbands both work in QCT. And the offer is not so good from what I understand. The un-vested options will be cancelled. One said they will miss about $2M from the cancelled options. The other is at higher position (director). I think they probably will lose more than $5M. Although those options are paper money and never really vested, I think it might still be something to the local economy.

[pepsi]

Can anyone delete this thread ?

Can I get some help  to remove it. Thanks ?!

[pepsi]

Can anyone delete this thread ?

Can I get some help  to remove it. Thanks ?!

[pepsi]

Can anyone delete this thread ?

Can I get some help  to remove it. Thanks ?!

[GoUSC]

Little bit of regret posting something what might be insider knowledge???

[GoUSC]

Little bit of regret posting something what might be insider knowledge???

[GoUSC]

Little bit of regret posting something what might be insider knowledge???

[davelj]

Just an FYI, there’s nothing illegal about posting or discussing inside information unless you are an officer, director or other person deemed to be an “insider.” Even then it might not be illegal, but rather unethical (and grounds for firing). The illegality is principally in trying to profit from the use of inside information. Not that I’m condoning the spread of inside information, to be clear. I’m just sayin’…

[davelj]

Just an FYI, there’s nothing illegal about posting or discussing inside information unless you are an officer, director or other person deemed to be an “insider.” Even then it might not be illegal, but rather unethical (and grounds for firing). The illegality is principally in trying to profit from the use of inside information. Not that I’m condoning the spread of inside information, to be clear. I’m just sayin’…

[davelj]

Just an FYI, there’s nothing illegal about posting or discussing inside information unless you are an officer, director or other person deemed to be an “insider.” Even then it might not be illegal, but rather unethical (and grounds for firing). The illegality is principally in trying to profit from the use of inside information. Not that I’m condoning the spread of inside information, to be clear. I’m just sayin’…

[Coronita]

If these "rumors" are true…Well.. I doubt that would be an issue.

When, qualcomm sold the infrastructure to Ericcson, people got screwed. Some people sued, and QCom settled out of court. I think they didn't really know what to do back then.

When qualcomm sold the handset division to Kyocera, people went to kyocera stayed qualcomm employees(loaned to kyocera). They vested, and at the end of the vesting, they had the option of staying at kyocera or reapplying at qualcomm.

If indeed a spinoff was announced, I doubt they would screw the employees again. Spinoff usually means accelerated vesting and/or converstion from stock options to new spinned company.

However, didn't Qualcomm can spinning off QCT (aka it was called spinco?)

http://apps.shareholder.com/sec/viewerContent.aspx?companyid=QCOM&docid=1043058

 

Anyway, your friends husband have a much better chance of losing their options from

1)Having a worthless options as a result of the BRCM/NOK/QCOM lawsuits if the stock tanks before vesting.

2) Being fired to have told company sensitive information to a spouse who subsequently gossiped to a friend who subsequently told a spouse who subsequently posted to a board

Anyway, still trying to figure out how that real "worth" of those options would total around 5 million, if they're not vested yet. 4 years is their vesting schedule, and back in 2003, the stock was not that much less than it is now. And I know how much directors get.

[Coronita]

If these "rumors" are true…Well.. I doubt that would be an issue.

When, qualcomm sold the infrastructure to Ericcson, people got screwed. Some people sued, and QCom settled out of court. I think they didn't really know what to do back then.

When qualcomm sold the handset division to Kyocera, people went to kyocera stayed qualcomm employees(loaned to kyocera). They vested, and at the end of the vesting, they had the option of staying at kyocera or reapplying at qualcomm.

If indeed a spinoff was announced, I doubt they would screw the employees again. Spinoff usually means accelerated vesting and/or converstion from stock options to new spinned company.

However, didn't Qualcomm can spinning off QCT (aka it was called spinco?)

http://apps.shareholder.com/sec/viewerContent.aspx?companyid=QCOM&docid=1043058

 

Anyway, your friends husband have a much better chance of losing their options from

1)Having a worthless options as a result of the BRCM/NOK/QCOM lawsuits if the stock tanks before vesting.

2) Being fired to have told company sensitive information to a spouse who subsequently gossiped to a friend who subsequently told a spouse who subsequently posted to a board

Anyway, still trying to figure out how that real "worth" of those options would total around 5 million, if they're not vested yet. 4 years is their vesting schedule, and back in 2003, the stock was not that much less than it is now. And I know how much directors get.

[Coronita]

If these "rumors" are true…Well.. I doubt that would be an issue.

When, qualcomm sold the infrastructure to Ericcson, people got screwed. Some people sued, and QCom settled out of court. I think they didn't really know what to do back then.

When qualcomm sold the handset division to Kyocera, people went to kyocera stayed qualcomm employees(loaned to kyocera). They vested, and at the end of the vesting, they had the option of staying at kyocera or reapplying at qualcomm.

If indeed a spinoff was announced, I doubt they would screw the employees again. Spinoff usually means accelerated vesting and/or converstion from stock options to new spinned company.

However, didn't Qualcomm can spinning off QCT (aka it was called spinco?)

http://apps.shareholder.com/sec/viewerContent.aspx?companyid=QCOM&docid=1043058

 

Anyway, your friends husband have a much better chance of losing their options from

1)Having a worthless options as a result of the BRCM/NOK/QCOM lawsuits if the stock tanks before vesting.

2) Being fired to have told company sensitive information to a spouse who subsequently gossiped to a friend who subsequently told a spouse who subsequently posted to a board

Anyway, still trying to figure out how that real "worth" of those options would total around 5 million, if they're not vested yet. 4 years is their vesting schedule, and back in 2003, the stock was not that much less than it is now. And I know how much directors get.

[Coronita]

Just an FYI, there's nothing illegal about posting or discussing inside information unless you are an officer, director or other person deemed to be an "insider." Even then it might not be illegal, but rather unethical (and grounds for firing). The illegality is principally in trying to profit from the use of inside information. Not that I'm condoning the spread of inside information, to be clear. I'm just sayin'…

Uh, you sure about any insider financial information ? I'd double check your facts.  

[Coronita]

Just an FYI, there's nothing illegal about posting or discussing inside information unless you are an officer, director or other person deemed to be an "insider." Even then it might not be illegal, but rather unethical (and grounds for firing). The illegality is principally in trying to profit from the use of inside information. Not that I'm condoning the spread of inside information, to be clear. I'm just sayin'…

Uh, you sure about any insider financial information ? I'd double check your facts.  

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