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: slacker711 who wrote (111515)	1/24/2002 5:00:01 PM
From: Sully-	Respond to of 152472

From QCOM's earnings release.................. .............Outlook Information is Presented on a Pro Forma Basis and Excludes the QSI Segment. Second Quarter Fiscal 2002 Based on the current business outlook, we expect second fiscal quarter pro forma revenues to decrease by approximately 3-6 percent compared to the first quarter of fiscal 2002. We expect second fiscal quarter pro forma earnings per share to be approximately $0.19-$0.21 (excluding QSI). This estimate assumes shipments of approximately 13-14 million MSM phone chips during the quarter, including approximately 7 million 3G CDMA2000 1X MSM phone chips. Operating expenses are expected to increase due to seasonal factors such as employee payroll taxes and public company expenses. Fiscal 2002 Previously pro forma earnings included interest income from our strategic investments, realized gains on the sales of investments, and other income such as income realized from the sale of an FCC credit. Under our new segment reporting format, these items are included in the QSI segment, which is excluded from pro forma results. This change reduced pro forma earnings by $0.12 to $0.16 earnings per share compared to the estimate of $1.10-$1.20 under the previous segment reporting. Based on the current business outlook with continued global economic weakness, the Company expects revenue growth to be approximately 5-15 percent and pro forma earnings per share for fiscal 2002 to be in the range of $0.90-$0.97 (excluding QSI). This estimate assumes growth of the CDMA2000 1X market in the second half of fiscal 2002, and is based on the sale of 80-90 million CDMA phones in calendar 2002 with a 0-10 percent annual decrease in average selling prices of CDMA phones, upon which royalties are calculated.......................... biz.yahoo.com