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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: puzzlecraft who wrote (39787)9/5/1999 3:17:00 PM
From: MileHigh  Read Replies (1) | Respond to of 152472
 
John,

Thank you for your feedback. I was simply under the understanding that the handset business was a drag on earnings. But I guess it is not. Therefore, there would be no reason to sell the division.

Again, from reading the thread, I came to the conclusion that many believed the division was a drag on earnings. I guess that was a wrong assumption!

Ok by me!

MileHigh



To: puzzlecraft who wrote (39787)9/5/1999 3:29:00 PM
From: Keith Feral  Read Replies (1) | Respond to of 152472
 
With close to $600 million a quarter in revenues with a 10% profit margin, QCOM is generating almost $60 million pretax income from handsets. That is with monthly production around 600K units. By the end of the year, QCOM will be producing 1 million phones per month. That gives QCOM a lot of near term visibility for revenue growth, especially when QCOM starts delivering the pdQ.

The thought of selling the handset division amuses me.


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