Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Uncle Frank who wrote (46609)	10/30/1999 11:38:00 AM
From: Wyätt Gwyön	Read Replies (3) \| Respond to of 152472

Buffett did not create BRKB in order to establish a broader base of ownership--he did it to head off a "Berkshire mutual fund" that was being formed to provide "bite-sized shares" of BRK. Berkshire's extreme price brought up to illustrate that a stock can go places without ever splitting--perhaps not recommended in the real world, and perhaps I should have gone to some lengths to show I am not a "no-split purist" in the Buffett sense--again, BRK was an illustration. As for causal relationship between volatility and float in the case of QCOM--haven't seen the QED proof yet, just speculation, IMHO. Cheers, MM

To: Uncle Frank who wrote (46609)	10/30/1999 11:43:00 AM
From: Voltaire	Read Replies (1) \| Respond to of 152472

Unc, You hit it on the head. It's all in the float and it must be a stock that people crave. One big reason that the splits no longer help Dell and it is beginning to hurt AOL. I am stunned people do not realize this. I guess I must be out of touch, man oh man! One day it will affect the big Q but not now. V.

To: Uncle Frank who wrote (46609)	10/30/1999 2:16:00 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 152472

< Don't you see the causal relationship between Q's volatility and its small float? > I see several factors behind its volatility - small number of outstanding shares - small float - large proportion of float in short positions - 10fold rise in price since Christmas - 10fold rise in earnings since early FY98 - huge disparity of opinion regarding "inevitability" of CDMA worldwide adoption by experts - ignorance of fund managers in "seeing" the wireless future - ignorance of imminent wireless internet phenomenon - ignorance of imminent handheld PC explosion - apparent conflict of interest between handsets and chipsets - ignorant fears of component shortages no one factor takes all or 95% of the responsibility we see fits & starts for new visions of the future / Jim