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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?


To: RoseCampion who wrote (4535)12/23/1999 9:02:00 PM
From: cfoe  Read Replies (1) | Respond to of 13582
 
Ugh, taxes! Thanks for the correction.



To: RoseCampion who wrote (4535)12/23/1999 11:02:00 PM
From: LBstocks  Read Replies (3) | Respond to of 13582
 
Thursday December 23, 10:39 pm Eastern Time
Hot stocks-Japan: Advantest, Toshiba, Sharp
TOKYO, Dec 24 (Reuters) - The following stocks are on the move on Friday.

(The market was closed on Thursday for a national holiday)

0335 GMT - Advantest Corp up 1,380 yen or 6.16 percent at 23,770 and Toshiba Corp up 14 yen or 1.81 percent at 787 after announcing they would hold a joint news conference at 0600 GMT.

0121 GMT - Sharp Corp up 170 yen or 7.33 percent at 2,490, surpassing a previous lifetime high of 2,400.

Investors were attracted to the major electronics manufacturer in light of brisk demand for liquid crystal displays and flash memories -- Sharp's specialities, analysts said.

0033 GMT - Liquid Audio Japan trading at 6.12 million yen after first changing hands on the TSE's new Mothers market for venture firms at 6.1 million yen, up from its initial public offer (IPO) price of 3.0 million.

Shares in the affiliate of U.S. Internet music company Liquid Audio Inc (NasdaqNM:LQID - news) ended bid-only at 6.0 million yen on Wednesday, when they debuted on the new market for small companies with strong growth potential.

0030 GMT - Kyocera Corp bid-only at 18,750 against Wednesday's close at 17,350.

U.S. mobile phone technology developer Qualcomm Corp (NasdaqNM:QCOM - news) said it had sold its unprofitable handset unit to Kyocera, the world's largest maker of integrated circuit ceramic packages.

Financial terms of the deal were not disclosed, but Japanese business daily Nihon Keizai Shimbun said the deal would be worth more than one billion dollars.



To: RoseCampion who wrote (4535)12/24/1999 1:02:00 AM
From: The Reaper  Read Replies (1) | Respond to of 13582
 
Rose- unless they've changed the tax code since I remember reading about this (which is entirely possible), CFO's would put any cash on the balance sheet into other corporate preferred stock. Dividend income on preferred stock paid from one corp. to another is not taxable. Someone correct me if this is wrong. If this is correct then you can assume that they would be getting almost fully 6% on their cash. However, Q! better find better use for the dough than that!

kirby