Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: hueyone who wrote (126127)	12/21/2002 10:07:13 AM
From: Jon Koplik	Read Replies (1) of 152472

(Repeating) answer to QCOM "low" equity number : Message 18294853 To:hueyone who wrote (125818) From: Jon Koplik Tuesday, Dec 3, 2002 10:22 AM Respond to 125823 of 126127 Re : "enjoy having John (S.) around to challenge their assumptions" -- at the risk of starting a gigantic "cat fight," I want to tell you when and why I put John S. on "ignore" -- A while back, those of us who read every post here were subjected to probably at least 100 posts along the line of : "If Qualcomm is so great, how come Qualcomm's book value (today) is so low ?" A certain person was responsible for endlessly asking the question again and again, AND ignoring what I thought was a very simple and short (and obvious) answer (posted by me). That answer was : IF Qualcomm decided to sell their entire IPR (intellectual property rights) holdings to another company today, then Qualcomm would probably "book" a gain of something on the order of tens of billions of dollars. They would immediately lose about 1/3 of it in U.S. corporate income taxes, possibly have no business future, BUT ... would be able to make the Qualcomm balance sheet have a nice high book value. Despite this explanation, the posts complaining : "Where's the book value ? Where's the book value ? Where's ..." went on and on and on. That was when I engaged the "ignore" feature. Jon.

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