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


To: Art Bechhoefer who wrote (122694)11/6/2014 10:27:39 AM
From: Elroy  Read Replies (1) | Respond to of 175430
 
I suspect QCOM will be buying back shares big time today.

I don't think US public companies can buy their own shares so close to the quarterly results. Companies always talk about the open window to buy, I think they may need to wait some time (3 days??) before the can continue with their share repurchase plan.



To: Art Bechhoefer who wrote (122694)11/6/2014 11:53:56 AM
From: waitwatchwander6 Recommendations

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  Read Replies (1) | Respond to of 175430
 
Domestic cash dropped to $5.8B last qtr. They spend $714M on dividends each qtr. They bought back $1B in stock last qtr and are likely to repeat that this qtr. Even with last quarter's buyback shares outstanding only dropped 13M. Options are being cashed in like crazy. The buyback of stock mostly facilitates the executives of this company to steadily cash in their options. That's been going on for years and is an issue that should be addressed by the BoD.

If I remember correctly, they once stated they need a steady $4B in cash to keep the lights on.