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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: LindyBill who wrote (9429)	11/2/1999 9:40:00 PM
From: Mike Buckley	Read Replies (2) of 54805

Lindy, Congratulations on placing in the competition! Qualcomm's R&D by itself didn't decrease from 24% to 17%. It is the combination of R&D, selling, marketing and general operating expenses to which those numbers apply. I haven't looked at the financials sufficiently to see how much R&D by itself decreased. --Mike Buckley

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