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Technology Stocks : The New Qualcomm - a S&P500 company
QCOM 152.21-0.3%Jan 29 3:59 PM EST

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To: nbfm who wrote (2526)10/20/1999 6:45:00 AM
From: 100cfm  Read Replies (2) of 13582
 
regarding earnings, i come up with the following:

154m proforma earnings 3rd qrt.(using proforma because hopefully we won't have any non-recurring charges and the terrestrial business was sold.)

93m in license, royalty and fees

11m total units sold in q3

154m total net - 93m in royalties&etc=61m other net income.

using 97 to 98 growth rate of 171%= 42%per qrt.

11mX42%= 15.6m units for q4.
93m/11m=8.45(aprox.) per unit
15.6m*8.45=132m license and royalties
132m+61m other net(assuming omnitrac & globalstar remained constant) = 193m total net income/188m diluted shares=$1.02

granted there are some unknowns, such as global star developement fees, and how far did asp's fall, which effect royaltie fees. so i say knock 5%off to be safe.
that leaves you with .97cents.

i could be way off,but since these are the only numbers given in the quarterly report it's the best guess i can come up with.
would like to see more theories on earnings estimates.
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