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

To: gdichaz who wrote (8926)	3/22/2001 3:46:11 PM
From: Art Bechhoefer	Respond to of 197445

One thing that responsible company officials do is to understate potential earnings, particularly when it depends on expected (but not finalized) sales to China. As long as there is no contract in hand to supply x number of chips and other material to Chinese companies, a company official would likely incur some legal action of actual earnings fell below an optimistic prediction. I think Sulpezio did the right thing in making an estimate that probably understates the most likely scenario, if in fact he made any estimate whatsoever. Consider the unknowns. Hopefully some chips and other stuff will be shipped this summer. But if not until fall, then the revenues and earnings don't show up for this fiscal year, which ends on September 30. Investment firms can put whatever spin they like on these statements. The fact remains that QCOM has designed and built the right products, and eventually the customers will appear because any other choice is more expensive. It's just a matter of time. Art