i really wish people would stop whining about qualcomm's buyback plan since it's obviously working. very nice bump of 2 percent is exactly what we needed. this is a corporation, stop expecting it to act as something it's not!
https://www.barrons.com/articles/qualcomm-rises-on-new-10-billion-buyback-plan-1525907033?mod=hp_RTA
Up 3% now!! That is cash dollaz I can take to the bank. Thank you SM for such a brilliant plan!!!
Yep, there is no requirement to grow earnings organically. This is a corporation after all. Earnings only exist to offset dilution from exec grants. Trust the plan.
QCOM can buy half the company at the current stock price if they use the money set aside for NXP. LOL.
Sorry but financial engineering will not fix Qualcomm. There is no long term vision or growth. Declining stream of patent and license revenue will ultimately lead to discounted acquisition by stable company. Without vision Qualcomm is doomed to perish.
2% temporary bump !!!!! wooooohooooo!!
Reality : its down 30% ish under SM. Remember when it was $80 and we had a new CEO with big plans ? Its a dotard of a stock.
#Qclawback SMs ill gotten gains
OP let's talk after 6 months when you will be trying to buyback your outsourced job from your manager...
Buybacks : sign of contracting company that is out of innovation ideas and lead by financial engineers.