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

To: Stock Farmer who wrote (119006)	5/20/2002 10:43:54 AM
From: carranza2	Read Replies (1) \| Respond to of 152472

Remember, by construction our Shareholder already owns all shares of Qualcomm,.. Alright, then you are correct. I didn't realize you were still using this hypothetical. Still, in the real world, where a lot of owners own public companies, the purchase of a share does not make one "poorer." It is simply an exchange of one form of value for another. You think a lot of options issued during the bubble years are going to be exercised?

To: Stock Farmer who wrote (119006)	5/20/2002 10:48:16 AM
From: Jeff Vayda	Read Replies (1) \| Respond to of 152472

John: reI am merely suggesting that we look at shares as an owner, not as a participant in a ponzi scheme. Stocks are a ponzi scheme! You buy stock at a perceived value. You (as a shareholder) have effectively no voice in any of the things that go on in the company. Dont kid yourself that you 'own' 1/X of the company because you have 1/X of the shares. You are along for the ride - plain and simple. Your only expectation should be to sell the share at a later date - to someone who values the piece of paper more than you do. The goal is not to be holding the share when the music stops. Tell any Globalstar or Loral owner otherwise. Oh, buy the way... wanna buy some G* cheap? (LOL) Jeff Vayda

To: Stock Farmer who wrote (119006)	5/20/2002 11:36:24 AM
From: Peter J Hudson	Read Replies (1) \| Respond to of 152472

John, On one hand you want to use "THINK LIKE AN OWNER" accounting. <<The way he gets wealthier or poorer is if the actual assets he owns gain or lose in value.>> But then on the other hand you want to use the "ponzi scheme" market valuation method to determine cost to shareholders. If we are to calculate cost to shareholders by using the market price at time of exercise, the calculation must be -- (market price immediately prior to exercise minus market price immediately after exercise.) all of the dilution happens at exercise, if there is no reduction in market price associated with this dilution there is no cost to existing shareholders. You need to stick to using "percentage of asset " valuation or market valuation. You switch between the two.