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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Cooters who wrote (21986)	4/29/2002 8:07:21 PM
From: John Carragher	Respond to of 196977

guess they felt buying junk bonds was better than buying back their own shares.

To: Cooters who wrote (21986)	4/29/2002 8:25:53 PM
From: slacker711	Read Replies (1) \| Respond to of 196977

The bonds could be strategic in nature, or could represent an investment in companies QCOM has great confidence in. LWIN would be an example of both. Well....if they are putting them into strategic spots, they should be placed into QSI. I just dont see their ability to invest into high-yield bonds as a core competency. It's probably not that big a deal....it's only $270 million and if it is diversified it would be unlikely in the extreme that they would lose the entire amount. OTOH....I really dont like the precedent. PS They NEED to be buying QCOM stock, now! We are in total agreement on that score. Slacker