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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 177.78

-2.2%

Jan 9 9:30 AM EST

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To: Art Bechhoefer who wrote (26832)	9/17/2002 9:59:59 AM
From: slacker711	Read Replies (1) of 197155

missing from the analysis of the Pegaso-Telefonica deal is the fact that QUALCOMM had to write off its entire investment in Pegaso when Pegaso was unable to make payments on outstanding debt. This resulted in a one-time loss of about $600 million, reported in earlier financial statements. I knew that they had stopped accruing interest on the Pegaso debt but when did they write it off? I scanned through the various earnings reports and I cant seem to find a write-off. qualcomm.com Wouldnt they have taken Pegaso out of QSI if they had written it off? Slacker

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