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

To: Peter J Hudson who wrote (114202)	2/24/2002 7:11:04 PM
From: Stock Farmer	Read Replies (3) \| Respond to of 152472

The company relinquishes it's rights to the ownership of the shares represented by the option when the grant is made Yes, absolutely. Any appreciation after the grant doesn't belong to the company Yes, this is the value that the recipient receives. consequently not realizing that appreciation is not a cost to the company Is that so? Well then perhaps we have a deal. How about you give me a call option on a third of your shares of Qualcomm (or any other equity for that matter) at the current market price, exercisable over the next ten years. And we'll do this transaction at the cost that you suggest companies book for it: zero. Any reason you would articulate for refusing my very sincere offer would however support my thesis that stock options actually do have a non-zero cost that is not currently being accounted for. But feel free to continue to disagree. Do we have a deal? I'll even offer the same deal to anyone else on the board. John