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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Eric L who wrote (48740)11/9/2001 10:17:48 AM
From: Mike Buckley  Read Replies (1) of 54805
 
Eric (or Slacker if you're still following this thread),

From comments Slacker (who listened to the analysts webcast) made yesterday they may be cleaning up the GAAP v. Pro Forma "Financial Engineering" I've been moaning about.

I saw Slacker's and cfoe's comments about that and was confused. The more Qualcomm continues to change the way they account for stuff, the harder it becomes to make year-over-year comparisons. As far as I can tell, the change is just a different choice the company is making as to how it defines pro forma, which in my mind doesn't "clean up" anything. Any clarifications anyone can make about that for me would be greatly appreciated.

Don't forget that a year from now there will be yet another change when the company begins incorporating the new FASB regulations regarding treatment of goodwill.

--Mike Buckley
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