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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 148.83+1.1%Feb 4 3:59 PM EST

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To: Wyätt Gwyön who wrote (120570)6/17/2002 2:30:46 PM
From: Clarksterh  Read Replies (1) of 152472
 
Mucho - AWE had $3.1BILLION EBITDA last year compared to $2.8BILLION at PCS. in spite of the fact that AWE had much less debt than PCS. so is that due to their choice of technology?

Oh come now!? You know that the whole point of this discussion is technology (i.e. captial equipment depreciation) and interest expense which are precisely those thing excluded from EBITDA. Nice try at changing the subject.

if you show me the numbers i will be happy to acknowledge it.

I did show you the numbers.

there are inherent difficulties involved in comparing the EBITDA of two companies having substantially different capital structures and debt levels.

Well, I disagree with using EBITDA at all for industries where there is, by definition, a sizable amount of capital investment ongoing.

i've never heard that the only allowable disctinction between c/f and income is "timing". cos. are always and forever writing stuff off or taking gains to income that may never be reconciled within the fullness of time.

Look in any book which is a good overview of GAAP. (My copy of Wiley GAAP 2002 does not discuss anything so philosophical, but overview books like one I looked at last week gave exactly my definition.) And it makes perfect sense if you think about it.

Clark
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