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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 (5838)	2/9/2010 3:42:42 PM
From: waitwatchwander	1 Recommendation Read Replies (2) \| Respond to of 9129

A $1 a year dividend on $2 of EPS is pretty steep for a tech stock. On top of that, one needs to contend with the 5% dilution effect in the annual granting of employee options. The simple solution is ... we need more earnings and that's only going to happen with more chipsets out the door (ie market share), a higher mix of smartphone usage, higher margins and faster turns on R&D expenditures. That's all MBA material which some may think supports the thinking that Q has graduated into becoming too highly weighted on the engineering and lawyering front. It will only be after SnapDragon and Mirasol launch, that your expectations could be met. Now, an increase in the non existent buyback rate or the payment of a special "royalty lockin" dividend may be practical but would likely have minimal impact on the antics of the hedgies. However, I prefer the former because it seems to me to be the most efficient use of surplus cash, would also benefit the options of the up and coming engineers. The happening of something good for the shareholders of this company is long overdue. Marketing can be improved but it is usually improvements in management that leads to better, faster execution. It is to that area that Q brain power needs to focus.