Qualcomm Incorporated (QCOM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 178.29

-1.6%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Wyätt Gwyön who wrote (120975)	6/26/2002 10:18:36 AM
From: Clarksterh	Read Replies (1) of 152472

MM - What happened?! Wake up on the right side of bed? Oddly you are being optimistic. You seem to think that this is about accounting fraud within the 'pro forma' numbers and presumably therefore that one need only look at the GAAP earnings and everything will be fine. The Worldcom problem was about GAAP earnings, not Pro Forma. They didn't even report pro forma earnings for the last quarter. If you want to fool the auditors (especially if they are Andersen-ng), it apparently isn't hard to do. IMO the only solution for a Worldcom type problem is to change corporate governance. Some ideas: 1) all compensation for anyone on the board and for the president and the CEO must be voted on by the shareholders (and zero is always an option so the board better put in reasonable numbers to be voted on)? 2) a certain percentage of the board must be somehow unaffiliated with the nepotistic board culture (e.g. SEC appointed? Stakeholders (like in Germany)?) 3) No one should be allowed to sit on more than (2?) boards? 4) Every board must have at least one outside CPA? ??? Clark

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next