SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 175.25+0.6%Dec 19 9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Art Bechhoefer who wrote (114650)2/28/2002 3:44:13 AM
From: puzzlecraft  Read Replies (2) of 152472
 
Even with the shares not being included since the stock is currently priced under the option strike price, there has been a lot of dilution going on. Three years ago, QCOM reported 74.2 million diluted shares for their first quarter. This year 809.5 million. Backing out the 2/1 and 4/1 splits, that's a 36.4% increase in the number of diluted shares over three years, or about 11% annually. That kind of continued annual dilution will significantly impact shareholder value if forward revenue growth remains under, say, 25%.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext