QCOM

[rapidacid]

This article is just as relevant today as it was two years ago:

http://seekingalpha.com/article/694141-q...areholders

Quote:Qualcomm has $15 billion with which to buy back stock in this scenario. Let us assume then, that the company will buy back its shares at $60. We chose $60 because it is a conservative figure that accounts for a likely rise in the stock should Qualcomm announce a buyback. We quantify the effects of a buyback below.

Qualcomm Buyback Scenario

Initial Fiscal 2012 Shares Outstanding +1,759,987,422
Less Share Buyback ($15 billion @ $60 per Share) -250,000,000
Ending Fiscal 2012 Shares Outstanding 1,509,987,422
Old Net Income/EPS $6,599,954,708/$3.75
New Net Income/EPS $6,599,954,708/$4.37
Increase in EPS +$0.62 (+16.533%)