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


To: Skeeter Bug who wrote (129898)6/25/2003 12:31:34 PM
From: Jon Koplik  Read Replies (1) | Respond to of 152472
 
skeeter bug -- I think I remember from a long time ago that you are a very clever person who occasionally pretends to be a not very clever person.

Please confirm this, and I will use this information to decide whether or not to put you on SI "ignore."

Jon.



To: Skeeter Bug who wrote (129898)6/25/2003 12:36:27 PM
From: slacker711  Read Replies (2) | Respond to of 152472
 
if the business was so darn good, they'd be using thie money to build their business rather than playing the options game. i guess it isn't that good.

I agree completely that Qualcomm shouldnt be dabbling in options....but I think you've got a logical disconnect with your conclusion.

Qualcomm simply doesnt have much need for cash in their day to day operations. They are fabless semiconductor company with a ton of IP and cashflow....where exactly do you suggest they invest their cash (within their core competencies)?

The business could be growing at 100% for the next 5 years and Qualcomm still wouldnt have much use for the cash in their day to day business.

Slacker



To: Skeeter Bug who wrote (129898)6/25/2003 12:59:45 PM
From: Whatnot  Read Replies (1) | Respond to of 152472
 
Skeeter Bug, you clearly don't know much about corporate finance. The naiveté is all yours.



To: Skeeter Bug who wrote (129898)6/25/2003 4:41:43 PM
From: willcousa  Read Replies (1) | Respond to of 152472
 
All the selling of puts does is lower the cost of buying back stock which they plan to buy back in any event. Their risk is that the bottom drops out and they end up paying more for the stock than had they waited. Dell has done a good deal of this and made good money from it until the last one.