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


To: Wyätt Gwyön who wrote (111221)1/20/2002 3:11:00 PM
From: slacker711  Read Replies (3) | Respond to of 152472
 
q's accounting change, do you see any reason they would exclude interest income, except to make forward comps easier (due to the fact that they are now getting a much lower interest rate on their short term holdings)? that perspective makes more and more sense to me, although i am willing to entertain alternative explanations.

I dont believe that this is what they have done....though I dont think that Qualcomm worded it very well.

Here is the top level view of the breakdown in Q's divisions.

qualcomm.com

Cash is listed under the Other category along with G* and contract services. This made up 3% of core operations on a pro-forma basis. QSI is listed separately and no longer is a part of pro-forma.

I believe that the interest income that is being moved to QSI is from carrier loans.

Slacker



To: Wyätt Gwyön who wrote (111221)1/20/2002 3:16:30 PM
From: T L Comiskey  Read Replies (2) | Respond to of 152472
 
MM...a good read.......( I Think...)
Tim

financialsense.com