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Technology Stocks : Nokia (NOK)
NOK 6.575-1.4%9:54 AM EST

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To: Caxton Rhodes who wrote (10530)4/13/2001 2:24:07 PM
From: Puck  Read Replies (3) of 34857
 
I see nothing in Qualcomm's financial results to indicate that they are anything other than a niche technology player. Texas Instruments is a hell of a lot more important to Nokia as a supplier than Qualcomm ever will be. Qualcomm doesn't even do the service to their shareholders of paying a dividend, and Qualcomm's senior management purposefully says things that undercut the valuation of its stock and thus the potential for capital appreciation in its stock that its shareholder hope for. Without dividends and with management attempting to keep the stock price as low as possible--with these two huge drags on Qualcomm's total return--why would anyone even consider owning shares of this company. Nokia's shares have fallen during the past year, though not nearly as much as Qualcomms. Yet Nokia shareholders receive one third of Nokia's earnings in cash while they wait. What do Qualcomm shareholders receive? Management thanks for shareholder support, but this doesn't exactly pay the bill does it?
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