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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 137.04

+0.5%

10:26 AM EST

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To: slacker711 who wrote (81101)	10/16/2008 10:41:15 AM
From: David E. Taylor	Read Replies (1) of 197618

Slacker, That's a good point and it's where I originally started with this accounting exercise. Because that 7-13 cents EPS in Q4 was only a fraction of what NOK actually owed for 6 quarters, I originally figured that QCOM just intended to amortize the entire lump sump payment over 63 quarters - 6 past and 57 future quarters. That was the only way I could make sense out of 7-13 cents. QCOM was clearly expecting to have the payment in hand prior to 9/30/08, else they would not be able to book an actual EPS impact in Q4. Now it's pushed back a quarter. Lauer did say QCOM would give some guidance on how they would do this amortization in the Q4 earnings release and CC, so I guess we'll have to wait and see how they are going to account for this big pile of $$. However they do it, it does go on the balance sheet as soon as it's received. Maybe it will compensate for any losses on investments! David

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