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

To: Jill who wrote (41006)	9/14/1999 2:48:00 PM
From: Ruffian	Respond to of 152472

Good review from Motley> (yahoo) This was in the article from the motley fool website about Qcom. Couldn't have asked for a more timely answer for compus 98's BS post(s). "In the meantime, Qualcomm said it may take a one-time charge to its earnings as it tries to position itself for future growth by undertaking initiatives to cut expenses and improve margins. This kind of talk usually comes from a company on its heels, not from a firm whose earnings last quarter blew away estimates by 19%. The company's operating margin (excluding one-time charges) expanded in fiscal Q3 to 21% from 6% a year ago as revenues from technology licenses, royalties, and development fees nearly doubled to $92.6 million. According to today's guidance, that figure will continue to expand in Q4. With Qualcomm tweaking its CDMA technology-centric business model, return on invested capital (ROIC) should continue to march upward. In the most recent quarter, ROIC came in at 17.5%, up substantially from 8.7% at the end of fiscal 1999. Investors should expect Qualcomm's ongoing earnings growth to continue to grab the spotlight, but the firm's ability to lengthen the spread between its ROIC and its cost of capital will be the real driver of its share price performance over time. As long as the company can continue to earn more from every dollar invested in the business, short-term noise from meetings cancellations and such nonsense should be considered opportunities to hop aboard the Qualcomm growth train." PURRRRR-FACT!