Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: llwk7051@aol.com who wrote (13528)	8/31/2000 1:24:11 PM
From: cfoe	Respond to of 13582

Robert - Thanks for this. I listened to the interview, but thought he said "sfinvestor" and of course couldn't find the site. I will check it out.

To: llwk7051@aol.com who wrote (13528)	8/31/2000 1:50:20 PM
From: cfoe	Read Replies (2) \| Respond to of 13582

Robert - I just reviewed the model. It is at best confusing. For example, I cannot tell how they are coming up with their cash flow value vs. market value. I guess I will need to review it more closely, but if you can give me any hints, it would be appreciated. Also, I did an ROIC calculation for QCOM recently and I came out close to his 16% for last fiscal year. However, what he did not make any distinction about (at least not that I can see) is the shift from selling the two money-losing divisions. So far this year (through Q3) ROIC is up to nearly 23% (assuming I have adjusted correctly for the write-offs of purchased R&D and goodwill amortization). Finally, I think the growth rates they used are based on a cell-phone centric world, and we are rapidly moving beyond that. I plan to look at the model again and will let you know if I see anything else. Michael