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

To: Wyätt Gwyön who wrote (115980)	3/26/2002 7:53:53 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 152472

here is a great quote from the head of the Council of Institutional investors: "We recognize the downside of options more," said Sarah Teslik, the group's executive director. "They turn companies into Ponzi schemes," she added.

To: Wyätt Gwyön who wrote (115980)	3/26/2002 9:15:40 AM
From: Keith Feral	Respond to of 152472

Stock option programs can only be successful. No one is going to exercise if the stock price never goes up. The stock price is not going to go up unless the companies makes a lot of money. INTC, MSFT, CSCO and other big tech stocks have used stock repurchase programs to more than offset any dilution problems. In anohter 3 months, CDMA1X will be self fulfilling and qualcomm can start investing their extra cash into themselves, as opposed to providing financial assistance for CDMA start ups. I would like to see Qualcomm start using at least 50% of the cash they generate to repurchase shares rather than making more new investments. 1/3 cash, 1/3 investments, and 1/3 stock repurchase would be a nice way to balance the capital structure of the company going forward.