Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.81

-4.1%

Nov 17 3:59 PM EST

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To: san yao who wrote (128605)	5/5/2003 10:44:09 AM
From: carranza2	Read Replies (1) of 152472

Why are Jacobs keep selling? Why sure. Do you recall an earnings conference call a few months back? Dr. J said he'd be selling for estate-planning purposes. The answer to that question is a simple one. I haven't followed the Jacobs boys selling. Their stock ownership is surely high and they don't need much more than they've already got. Under American estate tax rules, long term capital gains taxes on inherited shares are based on the value of the stock at the time of the testator's death. In this case, the Jacobs boys will probably receive a nice slug of shares which, for estate tax purposes, they can value at the time of their father's death --or mother's death, if they inherit from her. Since Dr. J.'s shares have appreciated significantly over the years, receiving his shares valued at the time of death is a serious tax benefit to them. If the Jacobs boys have sold shares, they will probably get them back when Dr. J. or his wife dies, and those shares will have a nice tax benefit attached to them.

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