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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Mike Buckley who wrote (3986)	7/18/1999 10:52:00 PM
From: Ruffian	Read Replies (2) of 54805

Mike, I think it was $.82, But Forget That!> To: Morgan Drake (27659 ) From: Gregg Powers Tuesday, Apr 20 1999 5:06PM ET Reply # of 35624 Forget $0.82!! Guys...the operative number is NOT $0.82...it's $1.20. Qualcomm included a proforma number reflecting what earnings would have been without the operating losses in the infrastructure division...$1.20/shr! Simple observation #1: the infrastructure operation has been sold, so the losses are gone forever. Simple observation #2: without the infrastructure losses, the company earnings were $1.20/shr during the quarter. Simple observation #3: $1.20 x 4 = $4.80/shr. This is a (very) good thing!!! GJP

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