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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 152.66+0.7%3:59 PM EST
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To: slacker711 who wrote (68099)8/21/2007 8:13:47 PM
From: sag  Read Replies (1) of 197462
 
Q would need to be spending $190 million a quarter to reduce the rate from 5% to 4%.

So who said 5%?

In QCOM's latest Form 10-Q

The increase in QTL’s earnings before taxes for the third quarter of fiscal 2007 as compared to the third quarter of fiscal 2006 was primarily attributable to the increase in revenues, partially offset by an increase in legal expenses, which resulted in a corresponding decline in operating margin percentage.
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