Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 156.34

+1.4%

Jan 21 3:59 PM EST

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To: Elroy who wrote (134989)	7/25/2004 10:16:34 AM
From: slacker711	Read Replies (1) of 152472

Also, didn't QCOM say on their conference call that they expect operating expenses to be flat in September with June levels? That says to me they are at about the staffing level they require, and leverage in EPS should begin to reaccelerate. Something else I picked up in the 10Q....the SG&A was inflated this quarter due to a $12 million dollar donation. I assume that this wont be a recurring type of cost going forward. Personally, I am glad that the analysts continue to underplay Qualcomm's earnings potential. I like the steady stream of earnings announcements and then upwards revisions. Slacker

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