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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 168.08+1.8%12:59 PM EST
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To: Uncle Frank who wrote (32727)6/19/1999 9:12:00 PM
From: JGoren  Read Replies (1) of 152472
 
The pressure for a split would come from becoming S&P 500; institutions want wider distribution and a lower purchase price, that is, along the lines of what you say.

I just didn't think the company would want to spend the money on calling a meeting just to authorize more shares. It could do a 1 for 2 and avoid those additional costs while dropping the entry price to about 80. I guees it could send the proxy statement at the same time as the 3rd Q report and save a lot of cost.
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