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

To: rkral who wrote (122349)	7/27/2002 3:36:18 PM
From: Wyätt Gwyön	Respond to of 152472

there are presently only a handful (like about five) companies in the S&P500 that report options expenses to the IRS the same as in their financial reports. the number is growing. in fact, it has more than doubled this year (at the beginning of the year, only Boeing and Winn-Dixie expensed options--certainly not a major megacap company like Coke!), and i expect it will turn into several dozen by next year. eventually, even certain schlocky tech companies will have to expense options, in my opinion. So if, by extension, you only are long in firms you respect that extension is a stretch on your part. i think some of the best bargains are available among companies now run, or formerly run, by scumbags. scumbags breed repugnance; repugnance breeds cheap stocks; and to cheap stocks, good things can happen. so posits the value investor. if the discount for a scumbag company is steep enough, perhaps it is worth it. on the other hand, i have no interest in paying a premium for a co i don't respect. and i certainly don't respect public companies that practice nepotism.