The Future of Qualcomm:
the future is servers ! Oh wait.
the future is IoT ! Oh, wait.
the future is automotive. Has been for 5+ years. We are winning. Oh wait.
the future is NXP! Oh wait.
the future is 5G. Yep. Thats it. 5G leadership and buy backs.
Hi FTC. Hows it goin'?
Most pdm & sales SVP vesting and resting.. most do nothing . One level below CA eliminated means $$$ saved, no one will notice.
Follow the money, including execs compensation. The execs are brilliant and charismatic, thus they deserve billions. Now get back to work so the execs can continue raping you...
Buy backs? Yeah they can't go to open market as it will cause wild fluctuations in stock price but the numbers below don't make sense.
MarketWatch reports company disclosed it spent $21.14 billion to buy back 254.6 million shares, or about 17% of the shares outstanding ( $83.03/share - really ???) . Again QC has spent $542 million to repurchase 8.5 million shares ( $63.76 per share- this makes sense) since Sept. 30. That means about $8.3 billion remained from the $30 billion repurchase program it launched after Qualcomm terminated its deal to buy NXP.
Current outstanding share count is 1.44 B. They could have bought back 1/3 of the company with 30 billion but not looking so.
What is going on here?