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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 170.90-1.3%Nov 7 9:30 AM EST
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To: rkral who wrote (31113)1/13/2003 5:06:00 PM
From: Art Bechhoefer  Read Replies (1) of 196568
 
Ron, QCOM is a dividend stock as defined in the proposed tax changes. In the proposal, retained earnings that are reinvested are called "deemed dividends," meaning that they retain their tax exempt statis and can result in an upward adjustment to the cost basis of the shares, reducing the amount of capital gain subject to income tax.

Art
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