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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (47620)	10/7/2001 12:33:49 PM
From: carranza2	Read Replies (1) \| Respond to of 54805

the WSJ reported QCOM's earnings the past few years were reduced some 30% due to writeoffs, which did not make it onto pro forma. If that's the case, then Q better batten down the hatches because the vultures wearing suits, carrying briefcases, and sporting JD degrees are going to gut it. Your understanding of the WSJ report is probably not accurate. I've read the SEC filings and the pro-forma announcements, and can say that Q is extraordinarily precise with respect to pro-forma and reported earnings. Hell's Bells, Q has Lerach's law firm in its back yard. I think that the flap has been about pro-forma versus GAAP and the fact that reported earnings (GAAP) result in a loss. The Q has made this crystal clear. Anyone who can read should be aware of this. I'm not concerned. My view of things with respect to write downs is extremely optimistic. They should be a thing of the past. They should no longer affect present stock price. I should think that the market is going to be made aware of this at the next earnings announcement. Prepare for a pop up in early November. Can't go much farther down. Narurally, all my opinion.