Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.30

-2.6%

3:37 PM EST

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To: Art Bechhoefer who wrote (91270)	1/4/2001 11:25:48 PM
From: Tom Kearney	Read Replies (1) of 152472

Art - isn't the whole 'book value' thing a canard? What is the appropriate book value for QCOM's patents, for example? Is it assigned an accurate value on the balance sheet? What is the appropriate book value of the Coca Cola trademark? Isn't the book value a carry over from the 19th century when the actual physical weight and size of production, steel, railroad cars, tons of coal, acres of land, etc., were a pretty good way of assigning value and worth? Isn't this inaccurate now? I'm not an accountant. This is just my understanding, and I am genuinely open to another opinion. I think many of your other points are accurate. eg, I think many new economy investors dumped AOL when the merger with Time-Warner was announced for reasons similar to yours. Regards, Tom

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