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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: slacker711 who wrote (2330)	8/22/2000 10:34:54 PM
From: JGoren	Read Replies (1) \| Respond to of 197036

The tax rate has historically been low. However, my thought would be that Qcom owns little depreciable equipment now that it has sold off its manufacturing divisions--handset and infra.

To: slacker711 who wrote (2330)	8/23/2000 2:30:04 AM
From: cfoe	Respond to of 197036

why is Qualcomm's tax rate so high? Slacker - I checked QCOM's 9-month numbers and you are right: Inc before taxes = $962,792,000 and taxes = $431,256,000 for a calculated tax rate of 44.8%. In checking on this, I also noticed something else that may be related. Deferred taxes increased by $419,260,000. While I cannot explain this, I suspect (and this is pure speculation on my part) this had to do with the sale of the Handset Division. I expect this will be clearer when annual results are available.