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

To: Wyätt Gwyön who wrote (125627)	11/22/2002 8:40:13 AM
From: Jim Mullens	Read Replies (1) \| Respond to of 152472

Mucho, you wrote- “we all have our preferences. mine is for Warren Buffett,…” Warren Buffett’s long term record of BRK has made him an icon in the investment world. It is my understanding that “mucho” of the cash flow to buy his non-insurance business came from his many insurance business. I don’t know about you, but it has been my experience over the years that insurance companies don’t always have their individual customer’s best interests in mind when settling a claim or raising a premium. Kind of a neat business, make a mistake and make it up on the next guy. It has also been of interest to me over the years that the insurance industry (excepting health) doesn’t appear to come under as much scrutiny and attack by the government as do others (pharma, tobacco, auto, energy, hospitals, etc). JMO- Jim

To: Wyätt Gwyön who wrote (125627)	11/22/2002 8:49:03 AM
From: hueyone	Respond to of 152472

we all have our preferences. mine is for Warren Buffett, who has i believe more than 99% of his net worth in BRK.A; doesn't use options at his company because he rightly recognizes them as an expense; will go to his grave without unloading oodles of stock on the market soon after an earnings call where he raises expectations; didn't make his son an important executive and "heir apparent" at Berkshire. IMHO. Well said. I would have difficult putting any executives that participate in the no expense stock option scam, including those at QCOM, at the very top of list for integrity---although in my limited understanding of QCOM, it does seem that its execs have earned a great measure of respect as measured in other ways. Best, Huey

To: Wyätt Gwyön who wrote (125627)	11/22/2002 10:05:53 AM
From: carranza2	Read Replies (1) \| Respond to of 152472

Mucho, I think you and the rest of the thread, but especially you, will enjoy this video produced by Jay Chen, who posts regularly at the Doom and Gloom thread a/k/a Booms, Busts, and Recoveries. bubblevision.tv

To: Wyätt Gwyön who wrote (125627)	11/22/2002 10:11:21 AM
From: Caxton Rhodes	Respond to of 152472

Warren like Ted Williams, he's OK, Irwin like Barry Bonds (Except DR. J has a better personality). And you thot you guys were done will baseball comments, no such luck. Caxton

To: Wyätt Gwyön who wrote (125627)	11/23/2002 2:01:32 PM
From: Eric Daniels	Read Replies (2) \| Respond to of 152472

Comparing Warren Buffet to Irwin Jacobs.. Both have been excellent for their investors, however, to the extent that your comments cast some negativity on Dr Jacobs & Co's integrity, I would like to make a few points.. with reference to IJ 2m sh sale "Warren Buffett, who has i believe more than 99% of his net worth in BRK.A" BRK is more like a diversified mutual fund than a single company stock. Notwithstanding that, Dr Jacobs still has the overwhelming majority of his wealth, almost 19 million shares in Q. It is doubtful that WB would concentrate that percentage of his wealth in any one company and would agree that IJ needs to do some diversification. "doesn't use options at his company because he rightly recognizes them as an expense" Obviously, BRK is not in the same industry segment as QCOM. For Qcom to expense options before the majority of the tech sector, would, in my opinion, negatively impact stock price and not be in shareholder interest. "WB will go to his grave without unloading oodles of stock on the market soon after an earnings call where he raises expectations" The stock sale by IJ comes as no surprise, IJ warned investors & analysts at an earnings conference call Nov 7th. The selling is coincident with an opening of the window for insiders to sell. IJ sold 2 million shares for almost $68m. ($34/sh) after the announcement, the stock closed at 34.95. Subsequent to his sale the stock price has risen an additional 14% in less than two weeks. A good part of the 68 million dollars,Dr Jacobs stated at the time, "was needed to pay his pledge of $100 million to the San Diego symphony as well as diversification & estate planning". "WB didn't make his son an important executive and "heir apparent" at Berkshire. Maybe WB doesn't get along with his first family? or perhaps they have no interest in business. Someone, like IJ who has come back from retirement and built a $30 billion dollar company from scratch, creating value for all of us, can certainly allow those of his offspring that have the inclination to compete for the top slot to have an at least equal chance. I have to admit, I am biased, I have followed and prospered, from the announcements and informative shareholder meetings and conference calls since 1991 and have never seen a company with more integrity and honesty. I agree with Caxton, Irwin Jacobs and Tony Thornley get my vote as well. Eric