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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 181.84+0.9%Jan 8 3:59 PM EST

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To: carranza2 who wrote (125788)12/1/2002 6:36:15 PM
From: Art Bechhoefer  Read Replies (1) of 152472
 
Shareholder approval is not required for a buyback; only for issuing more shares. Shares already issued can be purchased and held by the company. The authorized number of shares remains the same. Only the total shares outstanding changes when shares are bought back.

Art
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