Qualcomm Inc. Capitalization Rate
in millions except shares outstanding
Closing price: $68.58
Shares Outstanding: 1,715,425,829
Market value of equity: $117,644 M
Debt: $0
Cash & Equivalents: $30,456 M
Enterprise Value: $87,187 M
EBITDA less CapEx: $7,678 M
Pre-tax Cap Rate: 8.80%
- focused on return of capital to stockholders and increased our stock repurchases and dividends paid during the quarter
- $3.5 billion remained available for repurchase under current BOD authorization
- technology leadership, with Snapdragon 800 processor powering the world’s first LTE-Advanced smartphone
- President and COO Steve Mollenkopf had this to say about increase Research & Development activities, "We are in a position now where we believe that our ability to invest in technology and our ability to differentiate our products from other people is very-very important in order to position us well for the future. If you look at the future, our view is that, there will be a position from the wired internet into the wireless internet. There will be a proliferation of products that will be -- the phone will be the center of, but there will be a lot of products derived from that. And there will be kind of the winner takes most -- there will be a leader...we are investing very heavy in the areas that are required in order to lead: Modem, application processor connectivity, some of the things that I would broadly call digital sixth sense, with the ability of the phone to talk to other devices...We are trying to balance that and still get double digit growth for our shareholders, and we have been able to do that, and even this year, I mean, we got even that tremendous growth this year in a very-very competitive environment...call it super-invested, meaning that we are going through nodes at a faster rate"
I have no positions in the above company mentioned, but may initiate a long position over the next 72 hours.
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