If 52wk high is just $76
Qualcomm said it repurchased 254.6 million shares valued at $21.14 billion in the September period, fulfilling a commitment it made after abandoning its offer for NXP.
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Way to go blow a ton of cash. Next year GD will be noting there is not enough 'reserves' to fund future R&D and so corp R&D needs to be resized. Genius finance dude there.
With qcom trading @ $55, the company lost $4billion of $21billion...
excellent financial engineering - GD...
This is going to get a bit technical, so buckle up. To purchase a $70 share with overseas money, Qualcomm has to pay taxes to Uncle Sam. This means the actual money out is about $83. It does not mean Qualcomm paid $83 for that share. I know, you are thinking "duh, I should have known that", but you didn't.
Go and ask GD in AHM.