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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (28641)	2/8/2002 11:47:08 AM
From: Dave Gore	Respond to of 99280

11:27 ET QCOM QUALCOMM hit by CFRA report (37.15 -1.96) -- Update -- Stock is latest to get hit by a CFRA (Center for Financial Research & Analysis) report which apparently claims that QCOM's 10K reveals that the company recorded revenue in exchange for non-cash consideration and accepted non-cash consideration for receivables removed from its balance sheet; hearing that report also noted potential conflicts of interest between company's Board and auditor, stating that Chairman of Audit Committee, COO, CFO all are former employees of Coopers & Lybrand, predecessor to QCOM's auditor, PricewaterhouseCoopers. Briefing.com cannot verify the accuracy of the CFRA report.