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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 174.76

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To: foundation who wrote (28782)	11/13/2002 3:56:37 AM
From: Maurice Winn	Read Replies (1) of 197016

<font color=RED>A dividend!!! Woohoooo!!!! Yayyy QUALCOMM. <``The question is not whether we need cash, but what we intend to do with the cash,'' said Anthony Thornley, Qualcomm's chief operating officer, in an interview on Bloomberg Television. The company had $3 billion at the end of the past quarter and may use some of that to buy back stock or pay a dividend, he said. > How many companies these days have cash in the bank, mountains of it rolling in, growth prospects to 7 billion people [world's population is still growing - but even 5 billion would be quite nice], competition losing ground not gaining, technological developments expanding in all directions, cyberspace growing like topsy and can start to pay dividends? Especially companies in the cyberspace and telecosmic industry. I wanna cheque by Xmas! Investment is about getting a return on investment while doing great things for people [creating a huge consumer surplus ideally]. Having a "Let's blow this hoard of money on some fanciful idea" committee is NOT a good idea. Investors can decide to blow it on some fanciful idea if they are feeling wealthy. Mqurice

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