InterDigital Inc (IDCC)

[blueskywaves]

How Qualcomm Built A $3.74B Cash & Investment War Chest

As of the last 10Q, Qualcomm had $3.74B in cash and
investments. Below is a table showing how QCOM used
its balance sheet (including options) to bolster its
liquidity and bargaining positions at critical
junctures of its corporate history BEFORE
and AFTER the March 1999 Ericsson settlement.

                        Net Proceeds 
                 O/S          from issuance           Cash/ 
 YEAR          (diluted)     of common stock        Investments 
 ...... 
 ...... 
 FY1995        ~460.4M         $ 499.2M             $ 579.0M 
 FY1996         562.7M            23.6M               154.3M 
 FY1997         575.1M            32.5M               808.9M*      
 FY1998         591.7M            49.8M               303.0M 
 ...... 
 FY1999         649.9M**         1.313B               1.685B 
 ..... 
 FY2000         800.2M***        143.8M               2.520B 
 FY2001         756.0M           132.3M               2.581B 
 FY2002         809.3M           119.7M               3.177B 
 ...... 
 ...... 
 *Includes $606M in net proceeds from the issuance  
 of trust convertible preferred securities of 
 subsidiary trust. 
 ... 
 ** 2:1 Stock Split (May 1999) 
 ... 
 ***4:1 Stock Split (December 1999) 
 .... 
 Note:  QCOM's unadjusted diluted share count before the  
 1999 and 2000 stock splits ranged from 50M-70M shares.   
  
 Rings a bell?