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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 170.90-1.3%Nov 7 9:30 AM EST

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To: kelseysuncle who wrote (49136)12/9/2005 2:53:13 PM
From: JohnG  Read Replies (2) of 196568
 
"Slide 5""
Probably doesn't help --but this is old news. The market should be looking toward 2007 earnings as we are almost through the 1st quarter of 2006. The options expense is primarily related to past years AND included as a result of FASB changes.

Of course we have a history of these "one Time" changes occurring every year. There was the write of of investment losses in S America. There was the change to recognize royalties as reported as opposed to accruing them -- thus pushing 1 quarter's earnings increases fwd 1 quarter. Now we have recognition of implied cost of stock options beginning with the 9/30/2005 quarter. Next year it could be something else.
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