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

To: phatbstrd who wrote (80979)	10/13/2008 7:16:26 PM
From: David E. Taylor	Respond to of 197271

Yep...those $2,115 million of "non-investment grade debt securities" are the holdings that bothered me most, especially since they are classified as "non-current", meaning they were regarded back in June as longer term holding s not needed for at least 12 months. As JGoren pointed out, they could just hold them until they recover, assuming they are not related to companies that have gone under! Intel reports tomorrow and they had a lot of money in all kinds of stuff, maybe get some insights there.. David

To: phatbstrd who wrote (80979)	10/13/2008 10:44:03 PM
From: JGoren	Respond to of 197271

non-investment grade ... would that be Boredcom debt? :) I would imagine these are long-term investments and can be held without marking to market. In the old days, the financial firms would just hold until things got better and prices went back up. I would think there is no reason to try to liquidate them in troubled times as there should be no need for the cash. Merrill Lynch issued report today that was probably worse than the Barron's one. Haven't had time to read it yet. That is probably also why q was not up as much as a lot of stocks.