Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.80

+0.3%

3:59 PM EST

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To: Gregg Powers who wrote (16133)	10/7/1998 7:34:00 PM
From: Sawtooth	Read Replies (1) of 152472

<<I disagree with your conclusion regarding wealth and share prices. If you bought $15,000 worth of Microsoft stock at the IPO and went into a cave, you would come out today with a (pretax) net worth in excess of $1.6mm...clearly "wealth" had been created.>> At the risk of belaboring what has become a topic of discussion nearly akin to "if a tree falls over in a forest and no one hears it, does it still make a sound when it falls?" (or, if one prefers, "if a man is speaking in a forest and no woman hears him, is he still wrong?") would the 1.6mm not only be realized when someone else was willing to transfer that amount of assets to the person in exchange for the stock? Which is why financial statements show equity investments at cost instead of market value (or the lower of the two)? Nice to hear from you again. ...Tim

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