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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 159.42-1.2%Jan 16 9:30 AM EST
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To: Gregg Powers who wrote (27704)4/20/1999 10:09:00 PM
From: DWB  Read Replies (3) of 152472
 
I've got a question for the more knowledgeable folks on the thread... how come QCOM sold their infrastructure division at a profit, but are writing off this huge one time charge in association with it? Shouldn't they have a big GAIN instead. This has confused me ever since the deal was announced. The only way I can make sense of it, is they are making use of the opportunity to write off a bunch of things on their books, which in reality saves them some taxes to Uncle Sam, but otherwise doesn't effect the company's prospects going forward (other than trailing PE ratios and the like...).

If there is another explanation that someone without an MBA from the Wharton school of business can understand, I'd love to hear it.

TIA,

DWB
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