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

To: temco2 who wrote (5849)	2/10/2010 12:06:22 PM
From: Art Bechhoefer	6 Recommendations Read Replies (4) \| Respond to of 9129

I spoke for 23 minutes this morning with John Sinnott, QCOM Investor Relations. He was fairly non-committal on what to do with the $18.9 billion cash horde, but did say they were "looking at" issues such as a stock buy back with the remaining $1.7 billion authorized previously, as well as a dividend increase. He emphasized that some $10 billion held overseas was not going to be repatriated because of tax issues. I pointed out that repatriating some of it when the current tax rate is estimated at 21% might be preferable to holding it overseas, but he indicated no company interest in that strategy. He indicated he was aware of shareholder concerns as expressed in places like siliconinvestor.com. Art