Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 181.84

+0.9%

3:59 PM EST

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To: Jeffry K. Smith who wrote (55294)	12/20/1999 10:38:00 PM
From: Jon Koplik	Read Replies (2) of 152472

Further "blather" about stock dividends -- IF Qualcomm declared a 3% stock dividend, all of the option exchanges would have to change all of the existing listed options like this : Old QCOM 460 calls (the right to buy 100 shares @ 460) would become the right to buy 103 shares of QCOM @ 446.60. (I think I am doing the math correctly. No guarantees). Then, any new series of options started after the date that the 3% stock dividend went into effect would be back to nice round numbers. I have always thought that corporations choosing this type of stock dividends are just trying to confuse things. I think they are hoping that somehow, everyone will think : "XYZ Corp. stock was usually around $40. Now it is $39. I guess it is down a little; I think I'll buy some ..." Jon.

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