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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: waverider who wrote (109730)	12/20/2001 1:33:28 AM
From: Uncle Frank	Read Replies (1) \| Respond to of 152472

Thanks, amigo, and best of holiday wishes to you and yours. uf

To: waverider who wrote (109730)	12/20/2001 8:43:11 AM
From: Getch	Read Replies (1) \| Respond to of 152472

re: Q's handling of investment gains and losses. If the points raised here over the past year or so about how investment gains and losses have been accounted are valid, what effect does that have going forward? If Q did overstate (include) gains from investments when in their favor, and write-off (not include as one-time losses) investment declines, what is the effect? I have been struggling with this, but it would seem that past 'pro-forma' numbers would have been (are) inflated from what they would have been if all things had been handled equally. If so, then the stock price was (is) in actuality trading at a higher multiple than we had considered. But, going forward, assuming the fiascos like Enron cause an improvement in reporting, the growth rate going forward will appear to be less than actual because the prior numbers were scewed upward.