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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 148.83+1.1%Feb 4 3:59 PM EST

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To: Lance Bredvold who wrote (35889)7/19/1999 7:11:00 PM
From: puzzlecraft  Read Replies (1) of 152472
 
Lance, because QCOM's price advanced so much since the end of the prior quarter, the fully diluted number of shares went up at lot to 187.883 million shares as most previously issued options are now well into the money.

Pro forma income was $154 million, a very fat increase from the prior quarter's $98 million. This quarter's royalties were $93 million vs $77 in the prior quarter... so just looking at pro forma income derived from actually making things (backing out licenses and royalties), income jumped to $61 million from just $21 million in the prior quarter, a fabulous increase.

The "making things" margins are low, but they are a lot better than they were for the prior quarter.

John
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