Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 164.53

-0.4%

Jan 14 3:59 PM EST

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To: Morgan Drake who wrote (27659)	4/20/1999 5:18:00 PM
From: drew myers	Read Replies (1) of 152472

Good Question- They did not word the book to bill ratio very well. This ratio is the ratio of orders taken to products actually shipped (or bills sent). For example, a book-to-bill of 0.74 means $74 in orders were received for each $100 worth of products shipped. Qcom's statement reads, "In addition to substantial growth in the shipment of MSM phone chips, the book-to-bill ratio for the ASICs business was 1:7 for the second quarter of fiscal 1999. The book-to-bill ratio means the Company has $1.70 in ASICs orders for every $1.00 of product shipped." so, and just splitting a hair here, it should read 1.7, not 1:7. Nevertheless, any book to bill over 1.1 is very encouraging...in any business.

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