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   Technology StocksThe New QUALCOMM - Coming Into Buy Range


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From: Jon Koplik7/13/2020 2:12:49 PM
   of 9058
 
TSLA $270.00 off the day's high, therefore sell QCOM.

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From: Jon Koplik7/23/2020 1:33:36 PM
   of 9058
 
(again) TSLA sucks, therefore sell QCOM.

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To: Jon Koplik who wrote (9030)7/27/2020 11:32:58 PM
From: waitwatchwander
   of 9058
 

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To: waitwatchwander who wrote (9031)7/28/2020 12:15:13 AM
From: Jon Koplik
   of 9058
 
Facebook valued at a beastly $666 billion.

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From: Elroy7/31/2020 8:29:39 PM
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I haven’t followed QCOM closely for years.

What’s a rough estimate of their net cash per share position these days?

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To: Elroy who wrote (9033)8/2/2020 11:19:18 AM
From: Art Bechhoefer
   of 9058
 
Cash and marketable securities for QCOM in the most recent financial statement amounted to $10.6 billion. There were 1.14 billion shares outstanding. Cash per share is about $9.30 – quite substantial, don't you think?

Art

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To: Art Bechhoefer who wrote (9034)8/2/2020 5:20:29 PM
From: Elroy
   of 9058
 
Cash per share is about $9.30 – quite substantial, don't you think?

Thank you, yes?

Any quick number on debt per share, for a net cash per share number?

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To: Elroy who wrote (9035)8/3/2020 8:55:41 AM
From: Art Bechhoefer
   of 9058
 
You can easily check the latest financial statement from the QCOM web site. But the key measurement here is the debt maturity and low interest rate. The large cash reserve easily covers short term obligations. And the overall ratio of debt to equity is lower than average for this type of company, and about in line with what are considered normal levels of debt. This is in contrast to several years ago, when QCOM had no long term debt, and as a result, a poorer than average return on assets. In fact, the rather disappointing performance of the stock for several years reflected the conservative management mindset – virtually no debt. And at the same time, the issuing of more stock in bits and pieces to QCOM management, increased the total number of shares, diluting earnings per share.

Art

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To: Art Bechhoefer who wrote (9036)8/4/2020 1:52:53 AM
From: Elroy
   of 9058
 
You can easily check the latest financial statement from the QCOM web site.

Thanks, but I'm just curious if anyone here knows QCOM's net cash (cash per share minus debt per share) per share off hand? I know I can go look up the income statement and balance sheet and calculate it myself, but then, what's the internet for.

If you don't have the answer off the top of your head, no worries, perhaps someone else will.

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To: Elroy who wrote (9037)8/4/2020 12:26:17 PM
From: waitwatchwander
1 Recommendation   of 9058
 
Net cash is close to zero. Incoming cash is close to $1.5B per quarter and what's most important is the current execs promised to return 75% of free cash flow to shareholders to appease them from years of poorly invested corporate returns.

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