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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:Basic150,290,000Diluted187,883,000Then 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 = 194,783,000thats 194,783,000-150,290,000 = 44,493,00044,493/150,290,000 = 29.6% dilutionI 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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