Qualcomm Moderated Thread - please read rules before posting 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 Moderated Thread - please read rules before posting

QCOM 159.42

-1.2%

Jan 16 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: slacker711 who wrote (29098)	11/19/2002 5:42:23 PM
From: propitious7	Read Replies (1) of 197278

Vesper - Not even hit on cash flow Any further investment, equity or debt, by QCOM in Vesper will reduce cash (of course) and will show up on the balance sheet as loan or investment. But the investment does not go through the income statement at all so will not reduce either income or cash flow (which is income plus certain non-cash expenses). 4QCY'02 (i.e. cal qtr ended 12/31/02) is in fact last qtr when QCOM will have to amortize good will (principally SnapTrack investment) for acquisitions. after that pro forma will differ from gaap income only for non-cash stock option expense representing tax deductible compensation expense. QCOM will, of course, continue to report QSI, investment gains/losses separate from operating results but that is not a pro forma accounting procedure. I think a company can elect to show such investment results separately on gaap accounts in fact. I hope they drop all reference to pro forma which is a dirty word these days. propitious

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next