Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.31

+1.9%

Jan 5 3:59 PM EST

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To: Jeffry K. Smith who wrote (55294)	12/20/1999 10:30:00 PM
From: Jon Koplik	of 152472

A stock dividend is identical to a stock split for all useful purposes. The only difference (I believe) is -- one changes the par value of the common stock shares, and one does not. No one should ever care about par value (except lawyers drafting securities registration documents). Georgia Pacific (and Disney) used to declare these incredibly irritating 2% and 3% stock dividends many years back (1970's, 1980's) (yes, I am old enough to remember). All that these stock dividends accomplished was to REALLY screw up listed options on these stocks, and make keeping track of one's basis in a stock a real pain ! Jon.

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