The New Qualcomm - a S&P500 company Message Board

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

QCOM 173.43

-0.8%

Dec 29 3:59 PM EST

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To: RoseCampion who wrote (4535)	12/24/1999 1:02:00 AM
From: The Reaper	Read Replies (1) of 13582

Rose- unless they've changed the tax code since I remember reading about this (which is entirely possible), CFO's would put any cash on the balance sheet into other corporate preferred stock. Dividend income on preferred stock paid from one corp. to another is not taxable. Someone correct me if this is wrong. If this is correct then you can assume that they would be getting almost fully 6% on their cash. However, Q! better find better use for the dough than that! kirby

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