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

To: carranza2 who wrote (143421)	7/8/2006 11:50:32 AM
From: Ruffian	Respond to of 152472

It means the Summer sucks 4 the market, so lets go buy Metro-Yachts!!!

To: carranza2 who wrote (143421)	7/8/2006 11:52:09 AM
From: John Carragher	Respond to of 152472

is qcom buying back stock while prices are down. does anyone know if qcom increased buyback of stock.. if so why would qcom be buying back stock if they felt it was going to go down further. maybe insiders are going to get more options again. besides i would expect any insider selling should have been when stock went over $50 a couple of months ago. great time for them to take some money off the table and diversify. if qcom sees hard times ahead shouldn't they have held off on latest dividend.

To: carranza2 who wrote (143421)	7/8/2006 1:33:34 PM
From: hedgefund	Read Replies (1) \| Respond to of 152472

Not an opposing argument, just some facts gleaned from Yahoo in re insider sales of Qualcomm stock. Yes, over the past six months insiders have sold 10% of their holdings or about 3.5 million shares. Presumably during that same period of time they were accruing ownership in additional shares. I thought it would be interesting to look at the transactions of the "hands-on" insiders, P. Jacobs, Altman, Keitel and Sanjay, since arguably they know the most of what is going on. Of the 3.5 million shares sold by insiders in the past six months the "hands-on" insiders collectively sold approximatley 2 million shares. And when I say sold, I included all transactions, planned sales, option exercises, sales by family trusts, etc. The interesting thing is that the distribution over the past six months for these four insiders was almost exactly even. Collectively they sold 1.1 million shares in the first quarter and just over 1 million the second quarter. In the first quarter Q stock ranged from 48-52 and in the second quarter from 52-38. If they "knew" what was coming I would have thought they would have sold a higher percentage in the first quarter. I would also note that most of the compensation of these "hands-on" insiders comes from their stock compensation. In 05 P. Jacobs and Altman and Keitel made about $1 million in salary and bonuses while Keitel made a little over $800K. From these facts, and I sure don't claim to be expert in executive compensation, I don't see any signs of a "bailout".

To: carranza2 who wrote (143421)	7/8/2006 2:38:07 PM
From: Jim Mullens	Read Replies (1) \| Respond to of 152472

C2, Re: QCOM insider sales / ownership. This issue has also surfaced over the years. Earlier this year I posted this on another thread (not sure if it made it to SI). >>>>>>>>>>>>>> Xxxxxx, I believe you, I, and others over the years have questioned (and been puzzled) over the apparent lack of QCOM ownership by its executives and directors. The public reports from the NAZ and Vickers Insider Prophets Report report insider sales and share balance with a column reflecting the number of shares head after the transaction. I’ve exchanged several emails with Qualcomm IR on this subject and received a response today that sheds a whole new light on this matter. Within that email was a link to Qualcomm’s Form DEF 14A (Shareholders 2006 Proxy notification), which on page 24 lists the number of QCOM shares owned by directors and executive officers. I’ve recapped the data from this EF 14A, the latest NAZ Insider report, and the latest Vickers report below. As one can see, the public reports significantly understate the actual number of shares held. Form EF 14A includes a series of footnotes providing detail by name. It appears that part of the problem results from shares held in family trusts, and shares issuable upon exercise of options exercisable within 60 days. In Paul Jacobs case, the family trust shares amount to 1,437,990 shares, considerably more than the 2,044 reported in the NAZ and Vickers reports. Personally, I feel more comfortable knowing that our executives / directors have a much bigger stake in the Q than these public reports reflect. QCOM NAZ Vickers EF 14A Report Report 12/16/2005 1/6/2006 SHARES NOW HELD HOLDS Paul Jacobs 3,611,397 2,044 2,044 Irwin Jacobs 37,784,745 5,652,639 25,625,636 Steven Altman 1,597,785 203,998 178,998 Sanjay Jha 1,293,356 5,254 454 William Keitel 825,125 81,290 4,490 Robert Padovani 1,436,666 0 0 Richard Atkinson 884,574 327,362 Adelia Coffman 517,632 250,500 Donald Cruickshank - Raymond Dittamore 43,700 3,400 Diana Dougan 479,632 0 Robert Kahn 718,632 120,000 16,000 Duane Nelles 419,972 Peter Sacerdote 1,553,232 720,000 720,000 Brent Scrowcoff 547,216 148,584 N/A Marc Stern 1,035,108 728,500 709,000 Richard Sulpizio 1,064,646 846 846 Links- 1. Qualcomm’s Form DEF 14A (Shareholders 2006 Proxy notification qualcomm.com 2. The Vickers report was obtained thru Schwab 3. NAZ insider trades report >>> nasdaq.com Enter QCOM Select Insider report in pull down menu