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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 161.39-1.9%Jan 15 3:59 PM EST

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To: Wyätt Gwyön who wrote (123138)8/13/2002 1:50:18 PM
From: carranza2  Read Replies (1) of 152472
 
then we can expect cash labor expenses to go up (and cash earnings to go down).

Neither, though we may see a slight, probably insignificant, bump in cash compensation to make up for lost option "income".

The kinds of munificent option programs that make a difference are generally available only to highly paid personnel. I don't think shareholders will stand for significant increases in cash compensation to executives which would make up the difference in their lost options. The climate is all wrong for robbing Peter to pay Paul.

Lower-echelon personnel will receive fewer options, too, in my opinion.

A thing that got out of control but will be corrected.
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