Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 173.43

-0.8%

Dec 29 3:59 PM EST

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To: DWB who wrote (141794)	3/7/2006 11:31:57 AM
From: carranza2	Read Replies (1) of 152472

That would be pro forma, and I imagine the pro forma numbers will definitely show the comparison, i.e., what net earnings would have been if options expensing were not taking place. I'm no accountant, but I've always had a problem with pro forma because it is specifically designed not to reflect reality but to allow comparisons on a "what if" basis. Dividends are not paid on a pro forma basis and I don't think p/e is calculated on that basis, either. vbg. Based on the original end of year projections for this year, GAAP earnings were projected flat thanks to options expensing. This shouldn't be as big a problem as I thought if Q continues to update earnings positively as it regularly does. Moreover, it won't matter once the options expense becomes part of the accounting for a couple of quarters. It is the initial shock of the expense which I thought might be a short term problem. I am glad options are being finally expensed.

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