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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 178.29-1.6%Dec 12 9:30 AM EST
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To: SKIP PAUL who wrote (6440)12/14/1997 4:32:00 PM
From: dougjn  Read Replies (3) of 152472
 
I was talking pre tax as the context made abundantly clear.

But the real point is this: Decrease royalties by $1 and you are gonna decrease pre tax income by $1. Is Q gonna have lower G&A as a result of lower Wan translation rates of royalties, or even lower selling costs? Obviously not.

Doug
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