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: Skeeter Bug who wrote (13376)	7/27/2001 10:37:57 AM
From: slacker711	Respond to of 196584

so the reported 22 cents INCLUDED the 7 cent globalstar writedown? I believe that the 7 cent globalstar loss represents the loss for the entire year and not just the quarter. Q stated that the 7 cent figure should diminish substantially next year....they are moving personnel from Globalstar to other divisions. Slacker

To: Skeeter Bug who wrote (13376)	7/27/2001 2:28:28 PM
From: cfoe	Respond to of 196584

so the reported 22 cents INCLUDED the 7 cent globalstar writedown? As was pointed out in an earlier post the 7 cents loss on G* was for the full year. Also, it is not an investment loss, it is an operating loss. It is the difference between cash revenues collected from G* in the quarter and the expenses assigned to the G* division. This is why it is being included as an offset to operating profits and the proforma numbers. Hope this is clear.