SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Stock Farmer who wrote (28247)1/30/2003 2:58:11 PM
From: Maurice Winn   of 74559
 
<Shares Outstanding (000) 788,895,000
Shares Outstanding Date 01/20/2003
Balance Sheet Shares Outstanding (000) 809,329,000
>

qualcomm.com

John, what's 20 million shares among friends? That's only 800 million hours of work for the median human = Q800 million = US$800,000,000

That's only about US$1 per share. Heck, that's just the annual dividend being discussed [even if it's only me talking to myself and I in cyberspace]. Pro forma profits aren't far short of that. No, hang on, the GAAP profits are getting close to that.

<Annual Operating Revenue (000) $3,039,560,000
Oper. profit before Dep. & Amort. (000) $932,464,000
Pre-tax Income (000) $461,125,000
Total Net Income (000) $359,677,000
Fiscal EPS - Basic from Total Operations $0.47
Fiscal EPS - Diluted from Total Operations $0.40
>

I don't know what (000) means.

Okay, admittedly 20 million shares on the books [which apparently don't belong to me] is not far off the money coming in each year [this year anyway after a few years of problematic investments]. So it's not as though I have a bunch of slaves working for me, although some people think we wicked capitalists are some kind of slave-driving criminals.

Maybe NEXT year, there'll be jam for shareholders after a decade of no returns, other than some capital gains, which are only paper gains, which can vanish like snow in spring.

Mqurice

PS: After making Jay drool in my previous post, he'll now be wetting his pants and checking his gold bars.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext