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

To: Skeeter Bug who wrote (13320)	7/26/2001 6:32:14 PM
From: kech	Read Replies (2) \| Respond to of 196571

Cingular! Dr. J indicates that he thinks Cingular will see the writing on the wall in their TDMA services -- and the writing is 1x.

To: Skeeter Bug who wrote (13320)	7/27/2001 8:49:57 AM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 196571

The $0.22 per share earnings includes a $0.07 loss from shifting Globalstar operations to other parts of the company. Without this one-time adjustment, profits would have looked much stronger. Skeeter, you really have to look at the details of these reports before throwing out the baby with the bath water. Among other things that escape a cursory look is the fact that QUALCOMM is probably the only telecom equipment company anywhere in the world that is DEBT FREE. In a period of slumping economic growth, low or no debt is worth a lot. The company reported some $2 billion in cash and marketable securities, or more than $2.50 per share. At a time when other companies (like Sprint, this morning) are out there raising $2 billion in the form of bonds, convertibles, new stock, etc., all of which dilutes the earnings on existing common shares, NO DEBT, repeat NO DEBT, means a lot! Art