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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 176.71-1.4%12:23 PM EST
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To: propitious7 who wrote (22331)5/8/2002 4:41:56 PM
From: Art Bechhoefer  Read Replies (1) of 196971
 
On the writeoff of Pegaso debt, you may be right. I'll have to check the 10Q. However, note that recent changes in FASB accounting rules require that when a company defaults on loan payments, the lender has to account for that in the quarter in which the default took place. That's why I think QCOM did take a write off.

Art
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