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

To: Stock Farmer who wrote (128617)	5/5/2003 12:24:27 PM
From: carranza2	Read Replies (2) \| Respond to of 152472

John, your post is undiluted male bovine manure. We are not privy to Dr. J.'s present philanthropical commitments, his tax and estate planning, his desires to not leave the world with a bunch of assets in his accounts, funding needs, etc. At the level of wealth he lives in, the tax and estate planning gets very intricate and sophisticated. You undoubtedly know nothing of the details as they pertain to his strategy. To conclude that whatever tactic he is adopting is indicative of pessimism about Q's prospects is one of the most presumptuous, ill-reasoned statements I've read at SI in a long time. My point was that he will undoubtedly die holding a lot of stock. His heirs will receive it pursuant to favorable tax consequences. If the Jacobs boys receive it, they will get a windfall. They can rationally sell the amount they expect to receive from their own holdings, then substitute the sold holdings with inherited shares and get a nifty tax break. This is simply a possible reason why Dr. J.'s sons may be selling.

To: Stock Farmer who wrote (128617)	5/5/2003 2:32:01 PM
From: Art Bechhoefer	Respond to of 152472

Estate planning by its very nature is designed to minimize tax obligations. One example concerns the donation of shares to a charity, where there is a considerable capital gain in the value of the shares. The present tax law does not allow the donor to take the entire deduction in one year, but it must be spread out. That's just one example. One cannot assume that disposing of shares now, for whatever reason, whether estate planning or something else, means that the stock is going up or down in the future. There's simply no way one can draw such a conclusion. On the other hand, if, over a period of one or two months, most of the officers and directors of a company sold virtually all their shares, I'd be the first one to worry about where the company was headed. Art