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

To: carranza2 who wrote (110136)	1/2/2002 5:35:37 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 152472

The stock price is (or should be) reflective of the cash on hand not sure what that means...if a co trades at less than cash per share, then sure, cash on hand provides a cushion. i believe apple traded below its cash on hand recently. however, in qcom's case, cash per share was $2.37 as of mrq, so this can hardly be considered a cushion to the current share price (especially as some billion or so of that amount was added when the co sold shares to the index funds in 1999). many Naz stocks have "cash hoards" thanks to their options-related tax credits and other financing activities (e.g., csco). however, these are not necessarily "ongoing" activities. i think in qcom's case, it is sufficient to just look at what the earnings outlook is and determine what kind of dividend could be paid from that.