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Non-Tech : EARNINGS REPORTING - surprises, misses & more -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (730)	7/24/2001 6:33:46 PM
From: SusieQ1065	Read Replies (3) \| Respond to of 762

PSFT ($34-$38) P/E 63..Beats by 2 cents, software sales jump 51% Tuesday July 24, 5:13 pm Eastern Time PeopleSoft's Q2 software sales jump 51 percent (UPDATE: Adds details throughout, company comment, stock performance) PLEASANTON, Calif., July 24 (Reuters) - Business automation software maker PeopleSoft Inc. (NasdaqNM:PSFT - news) handily beat Wall Street's consensus forecast for the second quarter on Tuesday after its software sales jumped 51 percent from a year ago, when it had not yet released its revenue-accelerating PeopleSoft 8 product. ``PeopleSoft's strong performance in this challenging economic environment is a direct result of continued market acceptance of PeopleSoft 8 enterprise applications and our diligent focus on precision management and execution,'' Craig Conway, PeopleSoft's president and chief executive said in a statement. PeopleSoft shares, which finished Tuesday's regular Nasdaq session 27 cents lower at $34.24, jumped to $37 in heavy volume on Instinet following the company's earnings report. The stock's value has increased more than 60 percent since the end of 1999, while shares of rival Oracle Corp. (NasdaqNM:ORCL - news) lost 35 percent of their value. Pleasanton, California-based PeopleSoft on Tuesday said second-quarter net income from recurring operations rose 188 percent to $46 million, or 14 cents a share, from $16 million, or 6 cents, last year. The company's second-quarter 2001 results included a favorable after-tax adjustment to existing restructuring reserves of $2.6 million and an after-tax charge of $1.1 million related to the acquisition of SkillsVillage. Including nonrecurring items, PeopleSoft earned $47.4 million, or 15 cents a diluted share. Analysts, on average, had expected the company to earn 12 cents a share on revenue of $498.7 million, according to Thomson Financial/First Call. PeopleSoft's software license revenues jumped 51 percent, to $166.3 million after the company inked deals with customers such as AT&T Wireless (NYSE:AWE - news), the U.S. Department of Defense, Morgan Stanley Dean Witter & Co. (NYSE:MWD - news) and Tiffany & Co. (NYSE:TIF - news) Those deals helped push total revenues 27 percent higher to $532.7 million from $420.2 million last year.

To: SusieQ1065 who wrote (730)	7/26/2001 5:30:06 PM
From: 2MAR$	Read Replies (1) \| Respond to of 762

QCOM ( $57 -$62)Q3 July 1 results, beats by penny (a) Excludes certain asset impairment and other charges and credits related to the Globalstar business, as follows: $51.0 million in cost of revenues, $475.2 million in asset impairment and related charges, $9.9 million in investment expense and $56.6 million in other non-operating expenses. (b) Excludes the employer payroll taxes payable for employee income from non-qualified stock option exercises, as follows: $3.1 million in cost of revenues, $4.8 million in R&D expenses and $2.3 million in SG&A expenses. (c) Excludes the amortization of goodwill and other acquisition-related intangible assets associated with the purchase of SnapTrack and other acquisitions, as follows: $0.7 million in cost of revenues and $191.5 million in amortization of goodwill and other acquisition-related intangible assets. (d) Excludes certain credits related to the reduction of reserves established in connection with the sale of the terrestrial-based CDMA wireless infrastructure business, as follows: $1.8 million in cost of revenues and $2.5 million in SG&A credits. (e) Excludes a $2.6 million in employee termination charges, a $2.3 million gain on a sale of fixed assets, and $2.4 million in initial public offering charges related to the cancellation of the QUALCOMM Spinco IPO. (f) Excludes a $3.1 million adjustment to reduce reserves established related to the sale of the terrestrial-based CDMA wireless consumer phone business. (g) Excludes certain asset impairment and other charges related to the Vesper Companies and VeloCom, as follows: $31.8 million in asset impairment and related charges, $89.0 million in investment expense and $119.9 million in other non-operating expenses. (h) Excludes charges related to an arbitration decision against the Company, as follows: $63.3 million in other operating expense and $7.5 million in interest expense. (i) Excludes $181.2 million in unrealized losses of derivative instruments, $169.2 million in unrealized other than temporary losses on marketable securities and other investments and $0.5 million in net realized gain on a investment related to the impairment of its cost basis in prior periods. (j) Excludes $128.8 million for the cumulative effect of the adoption of FAS 133. (k) The diluted share base used for the reported results excludes the potential dilutive effect of 52.5 million common share equivalents related to outstanding stock options, calculated using the treasury stock method, as these shares are anti-dilutive. For pro forma results, these shares are dilutive and are, therefore, included in the pro forma per share calculation. MORE * end of story *