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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 159.42-1.2%Jan 16 3:59 PM EST
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To: JMD who wrote (8321)2/10/1998 10:26:00 AM
From: Candle stick  Read Replies (2) of 152472
 
You are not focusing on the important part of the report for NEXT quarter earnings.............

>>>>>Last year Qualcomm got
most of its royalty and licensing fees from Korea,
which designed its cell phone network around the
company's patented technology. Unfortunately
for San Diego-based Qualcomm, fees for
equipment used in South Korea are paid in won.
Result: It's in for a huge foreign exchange hit. The
full damage won't be felt for another two months,
since Qualcomm delays the recognition of its
foreign royalty fees for one quarter. <<<<<<<

From Forbes on Feb. 23

;^)
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