Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
IHAVE:Some of my previous posts delt with your...
issues. All I've received was ridicule.
Apperantly someone on this board seem to have me confused with someone else.
The site administrator has looked in to that matter and determined I am who I say I am.
Apperantly resonable discourse is not a high priority here.
I am also very concerned regarding being ambushed over and over again by the QCOM board.
All anyone has to do is look at their proxy voting materials to get some idea that the board is attemting to consolidate their power and shut out any interfereance from the investors.
That is why I also asked anyone here to vote against most of the board recommended proposals namly proposal #2 #3 #4 and to not ratify Brent Scowcroft to the board.
As soon as this stock hits anywhere near 45.00.. I'm gone.
I don't have quite the time horizon nor the low entery point most of you here proport to enjoy.
The dividend is a joke and not worthy of investors who most are upside down on their investment and the board should be ashamed at their "Barbarians at the Gate" ambush of the investors.
Personally, I think the board is purposely attempting to depress the stock so they can buy it back on the cheap, and in the process, line their own pockets when the stock starts to improve due to less dilution (Buyback).
I'm very disappointed - but I did see this coming, including posting the 'Retirement' of Irwin at the shareholder's meeting.
Some say stepping down..I say retirement.
Good call on QCOM as an acquisition target. I also thought about that too.
Biz:thanks for the article..If you ..
rather I did not post to you that ok.
Who is or (what is) upchunkufarly?
Biz:I don't quite understand "Stock-buyback"..
Q said it will buy back stock. Does this mean they are buying back common shares on the open market?
What effect does this have on shares?
Does buying back shares decrease dilution?
What will Q do with the shares?
Why is Q buying back shares?
If Q is Buying back shares, why do they also want to create more shares of common stock?
Sorry about so many questions but I wanted to better understand this particular point.
If anyone else knows, I would be grateful for the response.
Biz..Ok..NUff said
Biz:Vote no on any increase in common stock...
I think the shareholders investment is diluted quite enough
not to mention the substantially extra shares will not directly profit the shareholders not to mention any options are now accounted for as an expense.
The board already finished raising the amount of common stock already.
I need a profit.
Biz:Vote no on eliminating cumulative voting!..
Why would any stockholder give up the opportuinty to let their minority opinion count.
If enough minority voting is cast, it becomes majority.
Why would the board want to cut out shareholders like that.
Q is becoming a very worrysome "investment" for me.
I have not seen any return and this is year 5.
Biz:you think stratigic Q in'vsmts drag the...
price of the stock down?
I seem to remember some south american investmnsts where Q had to take a write-off. Made Q miss the numbers.
I'm still waiting for 1.00-1.10 lol.
Biz: do you think voting to increase more...
common shares is a good idea?
In the recent past Q board asked for and got the shareholders to increase the common shares to double what they were.
The thinking here was that with more shares Q stock would not have wild shorting and manipulations.
I have not seen any evidence that more stock equals stability with Q.
There is also value dilution in more common stock and the fact that if these "extra" shares of stock are offered as options in employees benefit packages, the have to be accounted for as expenses on the balance sheet.
Why should the stockholders foot the bill for that one?
I would really like to see either a rise in my "investment", or some meaningful compensation for having to wait around until hell freezes over until it happens.
I would like to see a share dividend of between 1.00 to 1.10 out of Q for the shareholders having to wait around for our investment to increase.
Until then.. I say every shareholder should vote "NO" on the increase of common shares at the upcoming shareholders meeting.
I also think shareholders should be able to throw their voting share for or against any voting issue that comes up.
This drop in Q over the last 2 months is neither a correction or options manipulation.
For a great company, the stock gets whip-sawed too often and that is where the "Street" gets all its ideas about Q.
Then the "Street" interprets the unstableness of the stock for the public, and the news the public gets is not good.
Meanwhile Q board continues to ignore the "Street" (Which were no friends of Q to begin with) and to a certain extent, the shareholders, with the same single-mindedness as the 'Borg'.
Well..anyways.. 1.10 would make me happy. Q stock is almost at the pre-split level (wrong direction).
What do you think is up anyway?
P.S. I would try to cost average my way back up from these levels but I'm too chicken. Seems everytime I think Q has bottomed... Q finds a new low, even lower.
Well I say its not a loss until...
you sell it anyways.
You have a good weekend too
Biz:Yeah.thats why I said I goofed up alittle...
in my last post.. It was actually 5 weeks and 5 days
Eric: I use Scottrade tools...
Their statistical data is direct from the ECN's.
12-23-04 there was an interday high of 44.99.
I would think the tools available to me can disect the inter-day high with a bit more accuracy than the static yahoo board, no slight intended.
I wish I could post the chart, but the info is propritary and I don't need that kind of trouble.
Biz:here's what i know...
12-23-04 QCOM hits 44.99
2-3-05 QCOM hits 35.81
44.99<->35.81=9.18 loss (just about $10.)
As for the time..I guess I flubbed up alittle
Its more like 5 weeks 5 days.
Still..I hate it when it does that.
Can we agree on the above?
Biz:Uncle upchuck..whats that about?
Biz:that's what I meant.
rich: It is as good an explanation as any...
The thing I'm wondering though is while the sector is soft, I can't point to any individual stock with a 10 dollar loss in such a short period of time (3-4) weeks.
We are almost at the level, the day after the split.(2-1)
So..what about that?
I think Biz and I are in the same boat.
As far as short term gains, I wish I has some.
I've held Q for a long while hoping to dig out.
We're going in the wrong direction and quickly. I could understand a few bucks, but this reminds me of the 107.00 slide(2001) down to the bottom (28).
Very unsettling.
I wonder why Q is still so volitile, even with all the extra common shares.
When did it hit 44.99?What was the low today?
I can add and subtract and count the days. Can you??
Jeff.Its like im speaking chinese to you...
I say "Sun" you say..."Car transmission".
MY post has nothing to do with IJ's brilliant mind or anyone's ability to win at the game of tennis.
I wonder what qualifies (In your brilliant mind) as a long term hold on QCOM.
Give me the minimun time necessary (again, in your brilliant mind) for a QCOM investor to attain the status of "Certified QCOM long term Investor".
Do I then get cookies and cool-aid served to me at the "QCOM Long term investors club?
Sorry if it seems I'm mocking you, but after my posts, and your response(s)..I am.
Biz: yeah.That would be just my luck...
The stories I could tell you about that one.
Still...IJ is getting old and the retirement issue, for the reasons I stated, I think are somewhat valid.
Tomorrow is promised to no man.
44.99<->35.91=9.08 or just about $10..
and it has happened in just about a 3 week period.
As for the chairman's age, so he's 71. He's getting ready for retirement.
All the above are facts. Not "wishful negativity.
I don't invent the rules of physics, but when I'm dropped out of QCOM's 100 floor skyscraper, I can tell you what's about to happen.
"Affect the trading action" What does that mean??
Lastly, you have not made any points regarding the QCOM slide other than to say I have "a lot of wishful negativity"
QCOM is sliding (fact)
It lost close to 20% of its value in the past 3 weeks (fact)
Mr. Jacobs is "71" and is getting old - not useless.(fact)
How long does Mr. Jacobs want to go on as chairman? (a good question to ask in light of his age.)Do you think he wants to do other things with his life with the time he has left??(Probably).
How will his retirement affect the perception of the street when he goes?
(another good question to ask seeing as the street does'nt have a whole lot of repect for QCOM anyways and probably never will).
When Mr. Jacobs does retire, will this event be yet another street free for all punching fest on QCOM? (Its happened before and for less good reasons).
Its not wishful...and its not negative
It is what it is.
It's not a good post..it's
a post from an investor that has been underwater for a long time and has not really figured out why QCOM has such a problem with traction.
QCOM has spent 7 month gaining 10$, and is wiped out in 3 weeks time.
QCOM next resistance level=34.41...
This would be the cost of share the daY after the 2:1 split.
I notice there was not a telecom indice in the green today, however, as of right now, QCOM has lost 10$ per share in the last 3 weeks.
And no one here is talking.
If Q blows below 34.41, there will be a rash of selling...as if it is not happening right now.
Funny how with such a young company, the corporate officers are as divested of QCOM as they are. What is it...3% officer ownership?
Large daily volumes too regarding the sell-off.
Profit taking??
Risk divestiture?
Man oh man.. what to do.
Wisdom of Solomon needed.
Are there any upside suprises in store at the upcoming meeting?
Man Oh Man.
And Jacobs is getting old too. 74 years old I would not be suprised if he announces retirement this year.
If that happens, because the company is perceived as a "family business' Q may really take a beating.
I am afraid.
You know what.. after putting these thoughts on paper here, I think I just answered my own question.
$10 loss per share in 3weeks time..
that's very hard to ignore...and QCOM is still in free fall.
I'm voting to not have issued any more common stock.
I suggest you all do the same.
Let the board compensate employees on the companys' back, not ours.
Jeez..what a short changing jip.
10 dollars in 3 weeks.
What's suprising is no one here has mad comment.
Biz and I seem to be in the same long and 'bought to high' boat.
Man do I feel ya dog.
Just got my proxy materials.No vote on...
increasing the amount of common shares is what I say.
Share are diluted enough and more share for the purpose of goving them as stock options is a dubble wammy for the bottom line in that the options are now have to be written as a debt.
Since the last split, this stock has been sluggish, and I'm starting to hear the street talking about QCOM in terms of
"weak sell".
I'm thinking..next it will be the S&P stock evaluator taking away a few stars...then QCOM's troubles begin...at least from an investor's propective.
That is why I imagine, the board wants to create more common stock.
I am thinking QCOM is getting to risky to own anymore. Any thoughs of a 45 to 50 price target is a real long shot...if at all.
The rest of the proposals in the proxy statement really seem like the board is trying to consolidate power to protect themselves against some sort of attack.
This does not seem very good to me.
All other tech sectors are looking good....QCOM is not participating. You goota ask yourself why.
Biz:Fundamentalisum..Always a killer...
But what is the underlying cause??
I really thought it was a big mistake to split the stock out again last August.
When looking over this situation I am taken back to a line in the movie 'Star Wars' where Obie Wan is talking to Hanz Solo. Hanz was lamenting that Luke was somehow destin to be the leader of a reformed aliance. Obie said "No...there is another".
That's my concern here. QCOM has not really gotten any traction in the past 5 years, no matter how much terrain the company concquers.
The industry I fear may be bideing it's time waiting for"The other".
"I was just inches from a clean get-away"
Biz..You gave the best advise if them all when you said "@44.99 ..Sell.
I was one penny away from a clean get away.
One stinkin penney
Pound foolish...penny foolish.
well anyway...nuff said
This is not a correction or a pullback..
This is a sell-off.
Post split open=34.41
We're right back where we started on 8-16-04 (almost).
I'm waiting for the news that prompted this sell-off.
The idea of transparancy is a myth.
Shareholders will always be left holding the bag.
Biz..any ideas why Q has lost 9% of its value in 5 days?
Signed
Very frustrated
QCOM loses 10% value in 10 hours of trading..
This loss is something more than just a slightly missed number.
QCOM is 2.50 from the post split level of 34.58.
There's something more goingon here.
Something bad.
Well..so much for 41.13
3dollar drop is F(in)rediculous.
Who the hell is selling like rabid dogs.
Institutional selling.
How bout'"QCOM is taking a beating.
What the hell is up with this sh++t
"When the bubble popped...
there I was: A Qualcomm investor". <vbg>
Man...do I ever here that!
Biz: I've always liked the idea of cumulative voting..
Seems that when the issue of installing the corporate officers for terms beyond 1 year came up for a vote several years ago the shareholers went along with the board's plan on the premis that it was important to corporance governace continuity.
I did'nt like that then and voted aginst it because it gives the board too much time to muck up (enron, worldcom) the business before the shareholders can vote to correct corporate officer malfiecence.
If the name of the game of a corporation is to provide for profits to the benefit of it's shareholders, maybe the board should concentrate on the buisiness instead of constantly attempting to consolidate their (QCOM's) corporate power base which is the way I've been seeing things since 1999-2000.
Biz... Do you think something is afoot??
Is this power consolidation (concentration) fortelling of some business problems coming down the pike at the Q?
It's a little worrysome to me.
Q board member no longer hold large stock positions.
comments?
I think a good entry pt for this pullback
will be between 37.50 amd 37.75.
If Q get down there, I'll get some more.
That looks like the absolute bottom support level.
Comments??
looks like resistance pt @41.34..
If Q breaks below that, it looks like the next support point is
37.78.
We may not see a break-out until April.
Damn. And it was going good too.
Is it a correction...
or are we in the throws of another resession, or is this just the continuation of this ongoing resession.
yumpin yimminy.
That 44.99 was looking pretty good biz
QCOM Inc 1st qt 2005 Earnings Release...
and Conference Call
SAN DIEGO - PRNewswire - Jan. 5
SAN DIEGO, Jan. 5 /PRNewswire/ -- Earnings Release
QUALCOMM Incorporated will release its first quarter fiscal 2005 results on Wednesday, January 19, 2005 at approximately 1:00 p.m. (PDT). After the release has been issued, QUALCOMM Investor Relations representatives will not be available to return phone calls until the conclusion of the conference call at approximately 4:00 p.m. (PDT).
Earnings Conference Call
QUALCOMM will host a conference call to discuss its first quarter fiscal 2005 earnings results on Wednesday, January 19, 2005 from 2:30 p.m. to 3:30 p.m. (PST). The conference call will be web cast live on QUALCOMM's web site at http://www.qualcomm.com/. Financial and statistical information to be discussed in the conference call will be posted on QUALCOMM's Investor Relations web site at http://www.qualcomm.com/ immediately prior to the commencement of the conference call.
The conference call will include a discussion of non-GAAP (Generally Accepted Accounting Principles) financial measures. Information reconciling these non-GAAP financial measures to QUALCOMM's financial results prepared in accordance with GAAP will be posted on QUALCOMM's Investor Relations web site at http://www.qualcomm.com/ immediately prior to the commencement of the conference call.
Rebroadcast
A rebroadcast of the call will start on Wednesday, January 19, 2005 beginning at approximately 4:30 p.m. (PST). The rebroadcast will be available through February 3, 2005 at 4:30 p.m. (PST). To hear the rebroadcast, U.S. callers may dial (800) 633-8284 and international callers may dial (402) 977-9140. Please use reservation number 21219395. Audio replay of the conference call will be available on QUALCOMM's web site at http://www.qualcomm.com/.
Questions during the live call will be taken from investment professionals only.
Historical news releases and financial documents are available on the Company's web site at http://www.qualcomm.com/
For further information, please contact Bill Davidson, Investor Relations of QUALCOMM Incorporated, +1-858-658-4813, ir@qualcomm.com.
QUALCOMM Incorporated
Web site: http://www.qualcomm.com/
IDe's IDweb Selected by QUALCOMM...
for its Product Portfolio Management Solution
Wireless Industry Leader Deploys PPM Solution to Increase Market Responsiveness CONCORD, Mass. - PRNewswire - Jan. 4
CONCORD, Mass., Jan. 4 /PRNewswire/ -- Integrated Development Enterprise, Inc. (IDe(R)), the leading provider of software solutions for product portfolio management (PPM), today announced that QUALCOMM Incorporated , pioneer and world leader of Code Division Multiple Access (CDMA) digital wireless technology selected IDweb(R) as its PPM solution to further increase competitive advantage in the marketplace. IDweb is IDe's flagship software and services application suite well known for its modular, easy to use and comprehensive functionality.
"The next generation of product development management is a time period beginning now when growth companies are focused on increasing development productivity, reducing development costs and being more responsive to and profitable on new market opportunities," said Michael McGrath, co-founder of PRTM, chairman of IDe and author of Next Generation Product Development. "IDe developed IDweb solutions specifically to help growing companies such as QUALCOMM achieve these goals." QUALCOMM purchased IDweb modular applications to improve resource capacity planning and portfolio and program management.
"Only 31% of manufacturing leaders are confident that their New Product Development and Launch (NPDL) process is strategically and financially in control," according to Michael Burkett, research director at AMR Research. In The AMR Research Alert, "Improving Return on R&D Attracts Manufacturers to Product Portfolio Management," May 13, 2004, Burkett wrote, "IDe is a leader in Product Portfolio Management (PPM), with a client list of top manufacturers including Procter & Gamble (P&G), Honeywell, Owens Corning, and others. IDe's growing success with manufacturers has been its strict focus on aiding business decisions about product portfolios and the allocation of resources to projects."
IDe's IDweb suite provides the most comprehensive, integrated and modular applications available on the market today. IDweb will enable enterprise wide visibility and automation of QUALCOMM's product portfolio planning and development processes to increase overall efficiency and effectiveness in product development.
"As a leader in the development and delivery of innovative wireless communications products and solutions, QUALCOMM clearly understands the value of bringing advanced and proven products early to market," said Rich Moore, President and CEO of IDe. "We are excited to be a key component of QUALCOMM's continued success as management embraces next generation product development with IDweb and realizes new opportunities to gain competitive advantage and a quick ROI."
About QUALCOMM
QUALCOMM Incorporated (http://www.qualcomm.com/) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 2003 FORTUNE 500(R) company traded on The NASDAQ Stock Market(R) under the ticker symbol QCOM.
About IDe
IDe (http://www.ide.com/) is the leading provider of software solutions for integrated development in the product portfolio management market. IDe's IDweb software automates gated processes and integrates business decision-making to align corporate and business strategy, program execution, and operational excellence for best-in-class companies worldwide.
IDe and IDweb are registered trademarks of Integrated Development Enterprise, Inc.
Contacts: Denise Harrington Integrated Development Enterprise, Inc. +1 (978) 402-2833 dharrington@ide.com http://www.ide.com/
Integrated Development Enterprise, Inc.
Web site: http://www.ide.com/
http://www.qualcomm.com/
Copyright © 2004 PRNewswire
News Copyright © 2004 Interest!ALERT All rights reserved.
Sprint and Time Warner to partner...
I don't have details yet.
U.S.Tax Treatment of QUALCOMM Dividends..
Paid in 2003 and 2004
SAN DIEGO - PRNewswire-FirstCall - Dec. 28
SAN DIEGO, Dec. 28 /PRNewswire-FirstCall/ --
The primary purpose of this advisory is to inform stockholders that the U.S. federal tax treatment of the cash distribution (i.e., dividend) paid to the QUALCOMM's stockholders on December 26, 2003 has changed. Below is an explanation of this change and additional aspects of the Company's dividends in 2003 and 2004.
The tax treatment of the December 26, 2003 cash distribution was originally reported as a taxable dividend on IRS Form 1099-DIV, as required by U.S. tax rules.
It is no longer considered to be a taxable dividend as originally reported to stockholders.
After the close of the fiscal year that ended September 26, 2004 ("FY04"), the Company was able to determine that cash dividends paid to stockholders during FY04 (i.e., the dividends paid on December 26, 2003, March 26, 2004, June 25, 2004, and September 24, 2004) did NOT represent taxable dividends to stockholders because QUALCOMM did not have positive "earnings and profits" ("E&P") for tax purposes at the end of FY04.
Instead, the dividends paid in FY04 represented a tax-free return of each stockholder's investment (or "tax basis") in QUALCOMM stock. Stockholders may need to amend their 2003 calendar year income tax return if they reported the December 26, 2003 distribution as a taxable dividend.
If the amount of cash distributions paid to you was greater than the adjusted tax basis in the stock (this is not common), then a portion of the dividends paid to you may have represented a capital gain. Please check with a tax advisor, because distributions in excess of a stockholder's adjusted tax basis should be treated as a capital gain.
The two-for-one stock split of the Company's common stock was made in the form of a 100 percent stock dividend. The stock dividend was distributed on August 13, 2004 to stockholders of record on July 23, 2004. The stock dividend was not taxable to stockholders. It reduced the tax basis per share of your stock by one-half. An IRS Form 1099-DIV will NOT be issued for the stock split.
If you hold your stock in certificate form or through a Direct Registration Account at Computershare Investor Services (the Company's "transfer agent") and dividend checks were mailed to you, the transfer agent, will mail you no later than January 31, 2005 an IRS Form 1099-DIV reflecting the March 26, 2004, June 25, 2004, and September 24, 2004 distributions as being non-taxable distributions (Box 3). If you received a 1099-DIV for the 2003 calendar year, you will also receive a corrected 1099-DIV reflecting that all the dividends paid in calendar 2003, including the December 26, 2003 dividend, were non-taxable distributions.
If you hold your stock in street name (through a bank or broker) and dividends were deposited into your brokerage account, that institution will mail you an IRS Form 1099-DIV reflecting the March 26, 2004, June 25, 2004, and September 24, 2004 distributions as being non-taxable distributions (Box 3). You will also receive from your bank or broker a corrected IRS Form 1099-DIV for the 2003 calendar year reflecting that all dividends paid in calendar 2003, including the December 26, 2003 dividend, were non-taxable distributions.
We urge each stockholder to consult with his or her own tax advisor to determine their correct basis in QUALCOMM stock and the tax consequences of the distributions, including any state, local or foreign tax considerations.
For further information please contact, Investor Relations, Bill Davidson of QUALCOMM, +1-858-658-4813, ir@qualcomm.com.
Biz:Yeah!From my mouth,to investors ears,damn!
Can't even blame light volume either.
Inches up a few cent at a time..then bam..down a buck or so in a few hours...damn.
biz: tanks. We had a good week...
I was trying to anticipate a sharp decline on the back of the witch. I just could not remember what week it hits.