Tuesday, Apr 18 2000 4:46PM ET
To: GO*QCOM who wrote (191)
From: GO*QCOM
*QUALCOMM <<QCOM.O> Q2 SHR $0.26
First Call/Thomson Q2 2000 mean estimate was $0.24/shr. SAN DIEGO, April 18 (Reuters) - (In thousands, except per share data) (Unaudited) Three Months Ended Six Months Ended Mar 26, Mar 28, Mar 26, Mar 28, 2000 1999 2000 1999 Revenues $727,741 $932,395 $1,847,814 $1,873,618 Operating expenses: Cost of revenues 350,396 623,775 999,144 1,266,165 Research and development 90,153 102,713 173,557 203,075 Selling, general and administrative 97,398 104,592 199,174 224,813 Amortization of goodwill and other acquisition-related intangible assets 20,536 302 20,608 604 Purchased in-process technology 60,030 -- 60,030 -- Other 37,437 95,824 63,589 95,824 Total operating expenses 655,950 927,206 1,516,102 1,790,481 Operating income 71,791 5,189 331,712 83,137 Interest expense (1,213) (5,459) (3,886) (8,774) Investment income (expense), net 333,749 (2,863) 369,996 3,887 Distributions on Trust Convertible Preferred Securities of subsidiary trust (1,994) (9,904) (13,039) (19,703) Other (3,265) (52,531) (3,265) (52,531) Income (loss) before income taxes 399,068 (65,568) 681,518 6,016 Income tax (expense) benefit (199,352) 22,948 (304,683) (106) Net income (loss) 199,716 (42,620) 376,835 5,910 Net earnings (loss) per common share: Basic 0.28 (0.07) 0.55 0.01 Diluted 0.25 (0.07) 0.48 0.01 Shares used in per share calculations: Basic 716,818 578,457 690,702 572,118 Diluted 801,388 578,457 796,107 586,103 |
