Qualcomm Moderated Thread - please read rules before posting Message Board

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

QCOM 171.54

+0.4%

3:59 PM EST

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To: slacker711 who wrote (93318)	7/20/2010 5:45:46 PM
From: Jim Mullens	Read Replies (1) of 196578

Slacker, re: Morons / cash hoard / investment portfolio / Buffett- ” Not a fan of financial games. Grow the underlying business and return excess cash to shareholders. ” 1) BK & company “playing” by the rules,--- which don't permit unrealized gains to be booked thru the P&L until underlying assets are sold (vs requiring unrealized losses to be immediately booked thru the P&L). 2) Returning “excess” cash to shareholders via special dividends was also one of my suggestions in email to IR preceding this year’s ASM. Perhaps its fortunate Q did not follow that practice during the recent market melt-down. I and I imagine many others would have simply invested that cash in the market and lost close to 50% rather that Q’s 5% loss (and subsequent $1.6B gain).

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