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

To: slacker711 who wrote (111222)	1/20/2002 3:14:40 PM
From: Kayaker	Read Replies (2) \| Respond to of 152472

Picture and description of Samsung Nexio mentioned here last week. Has VGA port, USB port (for mouse, keyboard, etc) and is 1X. samsungelectronics.com

To: slacker711 who wrote (111222)	1/20/2002 5:18:42 PM
From: limtex	Respond to of 152472

Sslack - This has some quite reassuring signs. That is a very clear and concise layout and analysis. It would for instance show in crystal clear terms whether the core of the business was taking off and whehter write downs in the investment and lending side of the busienss were obscuring the real business of chips and royalties. For what it is worth I view this after seeing yor link as a positive. Maybe the first signs of Spring???? Best L

To: slacker711 who wrote (111222)	1/20/2002 5:21:16 PM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 152472

dont believe that this is what they have done....though I dont think that Qualcomm worded it very well. OK, if you are right, then they still are including "interest income from cash" in the pro forma. it is difficult to tell definitively because the wording of their footnote is: Net earnings that were moved to QSI, primarily interest income and realized gains on investments, will no longer be included in pro forma results. which indeed makes it sound like they are removing interest income. but if cash assets are kept under "Other", then presumably cash income will be as well. perhaps they can clarify on the CC. 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* back in the fall of 2000, as i recall i complained here (i think it was this thread) that interest income made up 20% of QCOM's pro forma earnings. so now if that contribution is down to 3% (or less than 3% if you back out G* and contracts), then you have a 17% headwind, which makes for a tough comp. however, i don't know what the breakdown was between the income being moved retroactively to QSI, and income on cash (which is presumably staying under "Other"). however, anybody who has cash in an MMF knows the interest on those funds have gone down precipitously over the past year, so presumably that effect is pretty profound on a large holder of cash and short-term instruments like QCOM.