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URL:  https://boards.fool.com/im-back-and-i-got-some-fun-for-all-11115152.aspx

Subject:  I'm back and I got some fun for all Date:  8/3/1999  10:01 PM
Author:  Mycroft2064 Number:  1277 of 4928

Dear Friends,

I have been away for three months trying to shut the stock market off for that period of time and have come back refreshed. I have been waiting for something juicy to post inorder to rejoin the wonderful discussions here. I think I found it. If one goes to the third quarter report on the Qualcomm Investors relations site, you will find something that I found very disturbing. If one looks at the basic and diluted shares you will see what I mean.

Shares used in per share calculation:

Basic
150,290,000

Diluted
187,883,000

Then if you check out the news you will find that Qualcomm will be selling 6.9 million shares in a public offering thus adding another 6.9 million to the diluted 188.

So now the diluted shares outstanding = 194,783,000

thats 194,783,000-150,290,000 = 44,493,000

44,493/150,290,000 = 29.6% dilution

I would like to see if those 38 million shares are options or what???

That's probably one of the reasons why the stock fell 12 1/2 today or 8.2%.

At $140 a share * 38 million shares = $5.32 million in Market Cap in the managements pocket?????

Who gets that money??? I just pray to god for the innocent shareholders that they are not options for management.

I would love to hear everyones opinion.

Your friend,

MYCROFT

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