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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: rkral who wrote (59023)	1/25/2007 10:45:39 AM
From: bdog	Respond to of 196984

"I don't understand why Qualcomm doesn't just buy stock each and every market day -- for example, $5 million per day. Since programmed-sales are ethical for individual insiders, programmed-buys must surely be ethical for companies." Exactly. Anytime management makes an explicit decision to buy or not buy it is exposing itself to potential liability on ethical grounds. When do they not know something material that we do not? The board decided on a buy back policy– news that many shareholders took to be a positive future indicator. To not actually implement that policy (on a programmed basis) seems unethical to me. It's false advertising for the stock, plain and simple.

To: rkral who wrote (59023)	1/25/2007 4:02:25 PM
From: Maurice Winn	Respond to of 196984

<history has shown that insiders -- companies included -- are seldom better than anyone else at timing the market.> That's for sure. QCOM's share buying should have been done all at once at $16 a share [split adjusted] - they did some. They sat on cash then paid $42-$44 a share. Then, with price down at $36 a share, didn't convert all their cash, and a lot of borrowed cash as well, into shares. There is ALWAYS undisclosed material information for a company which is doing anything useful. So a company can never buy back their shares or risk the seller whining that they didn't know that the company was going to do something great. At $53 a share, they should have sold a whole lot of shares and paid big dividends to shareholders. <Mq - how is that anti-gravity thing you have been working on > I have retained all the rights to GSRS [TM]. So it's not that. Nor have they acquired zenbu.net.nz Mqurice