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: Mark Fleming who wrote (112553)	2/8/2002 12:34:32 PM
From: carranza2	Respond to of 152472

This is unbelievable. Sounds like market manipulation which should be immediately investigated. Q spends more than $11m in coffee and pastries. It smells like a takedown. Someone should pay. Where is the SEC?

To: Mark Fleming who wrote (112553)	2/8/2002 12:36:52 PM
From: S100	Respond to of 152472

other than this snip the Chairman of the Audit Committee, who also sits on the Compensation Committee, was formerly a partner for Coopers & Lybrand, predecessor to the Company's audit firm, PricewaterhouseCoopers. CFRA notes that QCOM's COO and CFO also worked for Coopers & Lybrand. We further note that PricewaterhouseCoopers received $2.1 million last year for non-audit services on top of $515K for audit fees. snap All the rest should be well known and has been discussed in the CCs many times. Nothing new.

To: Mark Fleming who wrote (112553)	2/8/2002 12:38:26 PM
From: slacker711	Read Replies (1) \| Respond to of 152472

Under this program, QCOM recorded $11 million in revenue during fiscal 2001 based on such equity consideration. In addition, the Company accepted such equity in satisfaction of $9 million of receivables which the Company removed from its balance sheet. The number of licensees reported to be participating in this program rose from 6 to 7 during the September quarter. Wow....they arent even talking about something as big as Vesper. The part about taking equity in exchange for a license doesnt seem to be a big deal to me....not sure what they are talking about when they refer to the receivable. CFRA notes that QCOM's COO and CFO also worked for Coopers & Lybrand. We further note that PricewaterhouseCoopers received $2.1 million last year for non-audit services on top of $515K for audit fees. Aside from the Chairman and CEO, the other seven listed executive officers include the 38-year-old son of the Chairman and CEO and the 35-year-old son of the Chairman and CEO. Options last year, when operating income was only $7 million and the Company posted a net loss, amounted to an estimated $15.1 million for the Chairman and CEO, and an aggregate of $50.9 for the other four top officers. Ummm....hundreds of companies gave business to the same firm for accounting and auditing. The stuff about IJ and sons is laughable. It's not like they have been hiding the kids in a corner....they clearly have a ton of responsability. I'm not sure I particuarly like it....but the reasons have nothing to do with their pay. I would have been more worried if they were going after the investments like Inquam and Vesper. Many companies do similair investments...but they look far worse than what this report seems to talk about. Slacker

To: Mark Fleming who wrote (112553)	2/8/2002 12:41:48 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

Well, Mark, it seems that those people are the ones who have put the frighteners on. Therefore there is nothing wrong [such as CDMA doesn't work in China or OFDM has announced with AirFibre a system which makes CDMA obsolete]. Therefore, anyone buying today is going to make a lot of money and the poor saps who bought high and are panicking that it's another Enron are being conned by CFRA drivel. CFRA thinks it's bad to take equity instead of money for a license to use CDMA. Well, if the licensee doesn't have money and goes bust, then there's nothing lost. If they succeed and sell CDMA then the equity will be good. It's better than refusing a license. It's a risk-free way of getting equity in what will be a hugely successful industry, the CDMA industry. For a century, there have been family members running Ford Motors. It has been a hugely successful company. The Japanese royal family has been in charge of Japan for 1000 years and despite the current fun, Japan is still the richest country in the world [per capita and with over 10 million people and actually civilized too - compared with the USA]. So families and nepotism are not necessarily a bad thing. Mqurice PS: Now 26 million and the bottom's in at $35 approximately. Get your bargains folks....the shareholders aren't all sellers and the sellers are going to be gone soon [they can only sell their shares once - though they can short some more too...]... oh, 27.4 million Wow, some lucky dogs got some at $34.10... 28.2 million. Fun's over folks. Selling's done. Opportunity gone. Here comes the bounce. These things don't last long. 30.2 million and people are accepting that the bottom's well in and they are at least getting it a couple of bucks cheaper than yesterday... for now... they better hurry. Huh? The low is now shown as $34.59. What happened to the $34.10 which showed a few minutes ago...cancelled transaction??!! Fraud??!!! Mistake?? 31.1 million and over $36... fun's over folks....and editing...

To: Mark Fleming who wrote (112553)	2/8/2002 2:53:47 PM
From: DWB	Read Replies (1) \| Respond to of 152472

What? The Jacobs are all related???? Why didn't we know this before now!!!!! oh. yeah... we did... What? $11 million in revenue from equity startups???? This must be at least close to 1/2% of their yearly revenue CLAIMS... !!!! How dare QCOM pull a stunt like that without us knowing!!! Oh yeah, ... they told us they were going to do exactly that for startups a year or so ago... What?!?!?!?! Operating income was only $7 million and the Company posted a loss for the year, yet they gave out millions in options?!?!?!?!? How could QCOM think we'd let that slide...?!?!?!? Oh yeah... that was all in their reports... and the loss was due to G* and Vesper writeoffs... and they actually got a great deal accomplished last year (China/India/new chips/Nokia)... Guess I need to find something else to get worked up over... DWB

To: Mark Fleming who wrote (112553)	2/9/2002 2:01:41 PM
From: David E. Taylor	Read Replies (1) \| Respond to of 152472

Mark: Having looked at this guy Schilit's web site, I am more convinced now than at first glance that this "Center for Financial Research and Analysis" is little more than a one man-show. Who the heck is "Brad.brad"@schilit.com? I don't have a whole lot to do this weekend, so I think I'll spend an hour or two documenting today's fracas and CFRA's apparent role in it, and send it on to the SEC. At the very least, the SEC should look into any QCOM trading Schilit has been doing around today's action. If the SEC can go after a 17 year old NJ kid for manipulating penny stocks, they ought to take some interest in a guy wiping $4 billion off a large cap company's valuation in a little under 1.5 hours. David T.

To: Mark Fleming who wrote (112553)	2/11/2002 7:50:32 PM
From: S100	Respond to of 152472

<seemingly generous option grants during a year of poor corporate results.> Anyone look at the Notice of Annual Meeting? Stock option info. --------------shares---------exercise price--- Dr J ------280,000 --------$86.00 Thornley -160,000---------$86.00 ------------150,000-----------$47.56 Paul-------160,000-----------$86.00 ------------200,000-----------$47.56 Altman---100,000-----------$$86.00 ------------125,000-----------$47.56 Schrock---130,000----------$86.00 -------------125,000----------$47.56 Hope they make a bundle of bucks on the $86 exercise price.