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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 163.32+2.3%Nov 21 9:30 AM EST

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To: Clarksterh who wrote (119103)5/21/2002 11:58:36 PM
From: gdichaz  Read Replies (1) of 152472
 
Clark: Chuckle. As someone who has what I prefer to call "an economic background" rather than "economist", I could not agree more.

Those "economists" who are making the noise about stock options never met a payroll, don't have a clue about what really motivates people.

It is all based on "models" and other "analysis" which make assumptions which bear little or no relation to real world conditions.

If the assumption is that all corporate management, such as that of Qualcomm, is a bunch of thieves and crooks and therefore we the theorists know better, I suggest that the reverse is more prudent. Let's go with experienced managers vs those who teach/write/theorize.

Anyone who actually thinks Qualcomm management is ripping off its stockholders ain't paying attention.

The core strength of Qualcomm is the sucess of its R&D and its intellectual property. A major reason for that is the strong incentive provided by the opportunity to share in the company's growth financially through stock options. Let's be practical and keep that opportunity alive and well for Qualcomm employees - the people who are the engine of Qualcomm's growth.

And if there is real doubt, the answer is simple, sell.

Best.

Chaz
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