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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 177.78-2.2%Jan 9 3:59 PM EST

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To: David E. Taylor who wrote (81124)10/16/2008 12:13:33 PM
From: q10001 Recommendation  Read Replies (1) of 197157
 
Won't QCOM accrue the lump sum payment and show it as a receivable on the 9/30 balance sheet? It also should accrue the income allocable to the prior periods although I do not know whether it would all be accrued in the 9/30 period or whether they would restate prior periods. I also wonder whether they might have an exchange loss to report for 9/30 if they did not hedge all of the Euros receivable.

I am a long time shareholder and lurker on this board but a retired tax attorney, not an accountant.
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