Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Stock Farmer who wrote (118966)	5/19/2002 2:11:57 PM
From: kech	Read Replies (1) \| Respond to of 152472

Qualcomm used shares outstanding as 767,903 and 808,996 diluted in their latest 10-Q. How many stock options do you think are outstanding Tom? A quick guess was 809-767 or 52 million options. But then I thought, it can't be that easy, so I spent time on Sunday afternoon (g- actually I appreciate your efforts to get to specifics on Q John) to go to Q's 10k for 2001, and guess how many options they had? ans. around 52 million shares as of 2001 Directors plan. See below for 50.5 million accounted for as of 2001. There a few more outstanding to non-employees. So the diluted shares represents dilution related to the options.. And it is up to the shareholder to understand additional dilution, will occur, and Q indicates that this will occur. By the way, this diluted number of shares is an overestimate of the true number of shares because I don't think too many of those options at $172 are going to get exercised. Stock Option Plans The Board of Directors may grant options to selected employees, directors and consultants to the Company to purchase shares of the Company’s common stock at a price not less than the fair market value of the stock at the date of grant. The 2001 Stock Option Plan (the 2001 Plan) was adopted and replaced the 1991 Stock Option Plan (the 1991 Plan) which expired in August 2001. The shares reserved under the 2001 Plan are equal to the number of shares available for future grant under the 1991 Plan on the date the 2001 Plan was approved by the Company’s stockholders. At that date, 50,541,570 shares were available for future grants under the 2001 Plan. This share amount is automatically increased by the amount equal to the number of shares subject to any outstanding option under the 1991 Plan that expires or is terminated or cancelled following the date that the 2001 Plan was approved by stockholders. The Board of Directors of the Company may terminate the 2001 Plan at any time. The 2001 Plan provides for the grant of both incentive stock options and non-qualified stock options. Generally, options outstanding vest over periods not exceeding six years and are exercisable for up to ten years from the grant date. At September 30, 2001, options for 57,787,000 shares were exercisable at prices ranging from $1.09 to $172.38 for an aggregate exercise price of $682 million.