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 Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (107996)	11/6/2001 5:17:35 PM
From: slacker711	Read Replies (4) \| Respond to of 152472

We got out of the handset biz, we got out of the infra biz, when are we going to get out of the carrier biz? It's simply too risky. I'm in general agreement....but that's not the direction the company is going. They just got a controlling interest in Vesper and they are considering the investment in Dolphin. I have said this before....it would be nice to have an earning press release that was readable without a dozen footnotes. It shouldnt take a degree in accounting to figure out their earnings. Slacker

To: carranza2 who wrote (107996)	11/6/2001 5:17:46 PM
From: DiB	Read Replies (1) \| Respond to of 152472

Exactly. From the release: The Company is actively working to accomplish the restructuring of the Vesper Companies in Brazil, which we expect to be completed in the first quarter of fiscal 2002. We are in the process of finalizing a commitment to invest in the Vesper companies, contingent on several factors. This investment will result in QUALCOMM owning a majority interest in Vesper and consolidating Vesper's results into our financials. These results would be excluded from pro forma earnings as we expect to divest our controlling interest within twelve months. This divestiture could occur through a sale to a strategic investor or as a result of a spin-off of the Vesper investment to our shareholders. We previously completed a successful spin-off of our operator investments to shareholders in September 1998 (Leap Wireless).