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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 174.810.0%Dec 26 9:30 AM EST
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To: SirWalterRalegh who wrote (62746)4/18/2007 12:21:00 AM
From: Maurice Winn  Read Replies (2) of 197036
 
Rick, we should be very grateful that Nokia [or whoever, maybe just the sellers] drove the price of QCOM down so far. QUALCOMM has been shopping for shares and had bought a whole lot at $44 and $42, so imagine how many they bought at $35. They had about $10bn in kitty, so hopefully they did their buying then rather than waiting until the price goes back up to $50, or the current levels. [I am kidding - I don't think they bought many at all at bargain levels]

Personally, I wish they would NOT buy QCOM shares at these levels. I would like them to pay it out as dividends and anyone wanting to buy QCOM shares at these levels can do so.

They could have spent a few more $billion at $15 [split adjusted] but they waited a couple of years and paid $44. D'oh!!

I think they should stick with making ASICs and software and leave the investing up to me. They could have bought the bankrupt Globalstar assets, got them going properly, built a new constellation, and made $billions [right now they would have had a huge return on a Globalstar investment at the current share price, even without development].

Mqurice
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