Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 177.78

-2.2%

Jan 9 9:30 AM EST

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To: carranza2 who wrote (125786)	12/1/2002 12:56:51 PM
From: slacker711	Read Replies (1) of 152472

From the annual report..... biz.yahoo.com Cash and cash equivalents and marketable securities were $3,176 million at September 30, 2002, an increase of $596 million from September 30, 2001. The increase during fiscal 2002 was primarily the result of $968 million in cash provided by operating activities, $120 million in net proceeds from the issuance of common stock under our stock option and employee stock purchase plans, $16 million in collections on notes receivable, $10 million in proceeds received from Vésper Holding’s minority interest shareholders and $9 million in proceeds received from the sale of other investments, partially offset by $321 million in cash used for other investments and acquisitions, $142 million in capital expenditures, an $81 million decrease in the fair values of marketable securities and $6 million of cash used to purchase our shares. We expect Vésper Holding to require approximately $60 to $70 million in cash funding during the first six months of fiscal 2003. Doesnt a share buyback (even only $6 million) require shareholder approval? Slacker

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