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Technology Stocks : The New QUALCOMM - Coming Into Buy Range -- Ignore unavailable to you. Want to Upgrade?

To: Art Bechhoefer who wrote (1056)	8/21/2007 1:08:53 PM
From: sag	Respond to of 9129

Art, the following taken from CIBC report dtd 8/17/07. Buyback unchanged–Qualcomm indicated that a large opportunistic share buyback is unlikely. The company is committed to the in-place $3B 10b-5 repurchase program, which suggests steady, planned activity, although there are certain events that can adjust the pace of purchases. The following taken from QCOM PR dtd 5/27/07. Repurchases may be made in the open market, through 10b5-1 programs, in privately negotiated transactions, or through the use of derivative securities. I think open market transactions would be appropriate, but your line of reasoning does make you wonder.