Our CEO and CFO have bought $1.5 million worth of QCOM between the two last week. Something is cooking. You may lose your job but at least you can make some money from this fiasco.
11 replies (most recent on top)
131803: Like the slogan says: "Why wait...."
When you get laid off, you have 6 months to exercise your vested options. 30 days, if you leave on your own.
131451: ... Yeah, I know. But it's the vindication that counts. In the meantime, I'll take the dividends and option money until it spikes to my target price b/c SM and his buddies want to sell.
Anonymous131437, In a class suit, you will see next to nothing. Lawyers on the other hand will make out like bandits.
I don't know if I'd invest a whole GTFO package. But I had a few options left that I had only 30 days to exercise after leaving. Of course as the deadline approached the stock hit an all-time low. (At least for me....) So I took it as stock instead of cash. Also, if QCOM is investigated by the SEC, you have to be at least a nominal stockholder to benefit.
$1.5million for these execs is peanuts compared to the $50+million executive package that the execs are getting. This most likely is just for show and a pretense of showing good faith for Q's future, as a means to ensure that they remaining $50+million in exec comp can be sold at a good price to others. I mean if you had a $50million package, you probably would consider spending $1.5million to fool people into thinking you believe in the company's future so that enough people would be fooled into buying and/or holding Q stock in the short term, so that the stock price would be temporarily stabilized... long enough for you to dump the remaining $48.5million of shares you will eventually vest (or vest accelerated) at a good price. Look buddy, if you really have extra money to be investing in, you'd do yourself a favor by investing in something other than the Q. If Q does significantly recover, your remaining RSU's will just be fine. And if it doesn't, it won't matter how many shares of Q you have. Again, why would you want to use more of your own money to buy/hold Q shares, just so SM and execs can sell their $50+million RSUs to you, so that they can enjoy their 0.001%er lifestyle at your expense, if Q stock does subsequently tank and you are left holding the bag? There are much better ways to "invest" in things other than the Q, especially when the semi industry is so screwed up the way it is right now.
Hell to the Yeah, I'm in.
This means nothing. Or, should we say, it's irrelevant
Barry the puppetmaster strikes again
Yup, invest your GTFO package in to QCOM stock idiot..
It's true - />