Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.54

-1.2%

3:59 PM EST

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To: Stock Farmer who wrote (114165)	2/24/2002 2:35:14 AM
From: arun gera	Read Replies (1) of 152472

John: I enjoy your posts. However, the point you are trying to make about Qualcomm (and other tech stocks) is known to most serious investors...that shareholders pay for employee stock options. By your calculations, the new "professional investors" who bought Qualcomm secondary offering for $11 billion at an inflated price basically gifted some free money to Qualcomm, which Qualcomm management promptly gifted to itself and other employees. You may want to attack those mutual fund managers for screwing their stakeholders. Most old-timers on this board bought when Qualcomm valuation was about $4 billion. By the way, you should have presented your analyses at the time the secondary offerings were made. It would have been really helpful to new investors. Arun

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