The New Qualcomm - a S&P500 company Message Board

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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 169.27

-4.8%

3:59 PM EST

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To: Jenne who wrote (2805)	10/28/1999 7:07:00 PM
From: JohnG	Read Replies (1) of 13582

Jenne. Had one 2:1 split this spring. No further splits are expected until after the 2/29/2000 shareholders meeting. At that time the price could be $300 or so. Reasons are 1)a shareholders meeting will be required to authorize more shares B4 it can split--not enough "authorized but not issued" remain to do a second 2:1 split and 2) some of us believe Q mgt feels their stock option plans work better if shares appreciate slow and steady. Most believe splitting stocks down to well under $100/share has the psychological effect of broadening the group of investors willing to buy--thus boosting the share price. JohnG

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