Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.35

-0.4%

Dec 4 3:59 PM EST

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To: mmeggs who wrote (17746)	11/4/1998 2:59:00 PM
From: gdichaz	Read Replies (1) of 152472

Re future earnings. As a rule of thumb, isn't the actual base on which to project movement in per share earnings 66 cents per share (excluding the LEAP losses thru Sept 23) ? Isn't this closer to the "ongoing rate" than 54 cents ? How absurd is it to multiply .66 times 4 and project $2.64 as a rough estimate of what earnings would be for FY 99 if nothing improved at all (and of course no major bad events occur either) ? Recognize this is a huge simplification, but curious if it isn't more realistic to consider .66 the "real" result vs .54 ? Chaz

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