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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (36550)	7/21/1999 8:07:00 PM
From: slacker711	Read Replies (1) \| Respond to of 152472

Margin, . I remember reading that Q has one of the largest Option plans arround. Yeah it seems like they must since they ended up diluting shares by around 25% over the last year. I'm not exactly sure how the options work but my guess is that as the options went underwater (and they must all be by now) the Q had to account for them. I cant imagine that it will be this bad over the next year. The Q may need cash now, but I doubt this will be the case two years from now (didnt a couple of people compare them to a bank?). Look for them to start a share buy-back program as the 3G royalty checks start flooding in. This would help keep the employee option dilution to a minimum. Slacker

To: marginmike who wrote (36550)	7/21/1999 8:10:00 PM
From: Rocket Scientist	Read Replies (1) \| Respond to of 152472

A couple of thoughts on the 6M new shares: Some companies buy back shares and a lot of investors like it as it seems to support the stock price, at least in the short term...I read a commentary be someone a little more astute who said he was bothered by companies that did stock buybacks. "Don't they have anything better to do with their cash?" he asked. High growth company's usually do. Now we're in the opposite situation where Q (a high growth company if there ever was one) sees the oppty to raise cash after a phenomenal run-up in the stock price in the context of the S&P entry...where it's reasonable to believe that any adverse effect on stock price will be limited and short term. I think it's fine. BTW, another way to earn money a little bit at a time that MSFT has used for years is to sell puts. It might be a good idea for Q to start trying that, too.

To: marginmike who wrote (36550)	7/21/1999 8:42:00 PM
From: Peter Sherman	Read Replies (1) \| Respond to of 152472

QCOM has tons of options out - how do you think they hire -- and keep --the best brains in the business - every year the top brains from stanford, MIT, caltech go to the Q -- to keep the best people you need to pay the best

To: marginmike who wrote (36550)	7/22/1999 3:37:00 AM
From: engineer	Read Replies (2) \| Respond to of 152472

If you really believe that, then come work at the Q for 18 months 7 days a week 18 hours a day running 250 people to get CDMA out to market and then when your stress burnout hits and you sit down 3 days after the field trials are a sucess in Nov 1991 and finally get a chance to cry over your Grandmothers funeral 6 months prior, you realize that you worked all this for your $65k salary and no options. You have no idea of the level of sacrifice that people made to get the level of system out there which made all you all this money. I take your email as a word of thanks for all that....