Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.05

+0.6%

Nov 19 3:59 PM EST

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To: Morgan Drake who wrote (33350)	6/27/1999 10:46:00 AM
From: JGoren	Read Replies (1) of 152472

You may be right; I looked at Form 6251 and it does not appear to include regular capital gains. I guess I was wrong; I haven't checked the regs or the statute. With respect to ISO's, see the following: sechrestcpa.com As to the exercises, Irwin Jacobs sold all of the shares on which he exercised options early in this year. From the dates, I believe that most of those options were expiring and had to be exercised or lost. As you can see, the tax rate can be so prohibitive that for high income folks, you almost have to sell the stock to pay the tax. As a result, the fact that major shareholders or officers don't keep the stock is not really a very good indicator of "confidence" in the company, especially when they already have a large position in the employer's stock.

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