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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 136.33-8.4%Feb 5 3:59 PM EST

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To: Art Bechhoefer who wrote (110176)1/3/2002 6:00:31 PM
From: TigerPaw  Read Replies (1) of 152472
 
dividends beyond a modest level are counterproductive.
The work of economomist Miller showed that dividend policy is irrelevant to company valuation.
www-news.uchicago.edu
while the most recent prizewinners
lib.uwo.ca
have shown that dividends can be used to advertise the health of a company which in turn increases the perceived value.
TP
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