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

To: Maurice Winn who wrote (127197)	2/26/2003 9:29:20 AM
From: techlvr	Read Replies (1) \| Respond to of 152472

Huey, it seems to me that you continue to mix apples with oranges. You complain about IJ's $1B stock value, taken from options that are extracted from earnings, and hence taken away from shareholders. As Maurice pointed out, his $1B wouldn't be worth anything unless the share prices increased above their strike value. As they increased, so did the value of the shareholder's shares. How much shareholder value increased is a better comparison to the increased value of IJ's shares. Much of his increased worth came from shares that were valued at about $1 per share in today's dollars. The market cap of QCOM has increased 35x or so since then. Shareholder's net share value has increased 35x since then. When I look at my balance sheet, I count the market value of my shares, not the earnings per share value of the stock.