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Pastimes : A Jackass, his PAL(indrome), and GOLD

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To: SOROS who started this subject1/22/2003 10:09:36 AM
From: tonka552000  Read Replies (2) of 1210
 
Everyone is focused on the wrong end of the conversation...

SI: StockTalk: Communications : Qualcomm - Coming Into Buy Range
Replies: 126490
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To:JohnG who wrote (126488)
From: Uncle Frank Wednesday, Jan 22, 2003 12:15 AM
View Replies (1) | Respond to of 126490

>> Our $US has been sinking fast for the last 3-4 months. I wonder if this affects earnings.
If anything, I'd think it would have a positive effect on earnings. The estimates for foreign based revenues would have been made based on an assumption about exchange rate. A weaker dollar would lead to an exchange rate surplus, and since a significant percentage of Q's revenues are derived from overseas royalties, it should lead to a large upside.

jmho,
uf
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