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

To: Wyätt Gwyön who wrote (110135)	1/2/2002 5:21:42 PM
From: carranza2	Read Replies (1) \| Respond to of 152472

Let's not forget while engaged in the dividend debate that unpaid dividends (net earnings exclusive of cash needs) accumulate, building up a company's cash hoard. The stock price is (or should be) reflective of the cash on hand. If a shareholder sells his stock, he is selling accumulated unpaid "dividends" and receiving the proceeds as surely as if he were paid a quarterly amount. Microsoft's share price is no doubt reflective of its $38bn hoard. As to Q, well, there is a cash hoard, but we could debate its source until the cows come home.