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

QCOM 176.12

-1.8%

3:59 PM EST

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To: NickLemb who wrote (61566)	3/27/2007 8:56:39 PM
From: DaYooper	Read Replies (1) of 196972

a shareholder asked about a share buyback. Bill Keitel answered that, as is their custom, they will be releasing information on any buyback in five weeks, which I believe will be their next quarterly report. He had a big smile on his face when he answered the question, which tells me that they are now definitely in the market. When a person tells you he can't answer your question right now but has a big smile on his face, it's a signal that you will like the answer when you do hear it. He stated four to five months ago that they company was not buying due to knowing more than the market knows and not wanting to be unfair(my paraphrasing). This same theme was repeated at the last quarterly call. I'm expecting something on a pretty grand scale that is yet to be announced... fun stuff eh? So yes I believe we are going to "like the answer" but I don't think it's that they are now in the market.

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