Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 175.25

+0.6%

Dec 19 3:59 PM EST

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To: Uncle Frank who wrote (46609)	10/30/1999 11:38:00 AM
From: Wyätt Gwyön	Read Replies (3) of 152472

Buffett did not create BRKB in order to establish a broader base of ownership--he did it to head off a "Berkshire mutual fund" that was being formed to provide "bite-sized shares" of BRK. Berkshire's extreme price brought up to illustrate that a stock can go places without ever splitting--perhaps not recommended in the real world, and perhaps I should have gone to some lengths to show I am not a "no-split purist" in the Buffett sense--again, BRK was an illustration. As for causal relationship between volatility and float in the case of QCOM--haven't seen the QED proof yet, just speculation, IMHO. Cheers, MM

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