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

To: Ibexx who wrote (112673)	2/8/2002 3:28:38 PM
From: Maurice Winn	Respond to of 152472

<In 2001, seven companies participated in the program, according to the company. In its most recent 10K, Qualcomm reports that it accepted $11 million in "equity consideration" (aka stock) in return for royalty payments for CDMA licenses.> Quite a big market capitalisation haircut [$4 billion from $40 down to $35] to compensate for that $11 million discovery by Dr Schit and the identification of Dr J's son's Paul and Jeff. The $11 million investment in those companies will probably return a lot! The market is NOT rational. All variables are NOT priced into the current price. It is NOT a random walk. There is one born every minute. Mq PS: Now 50 million shares and $37. Would those who sold at $35 and $36 please identify themselves. Don't forget to order your "MQ TOP-SECRET REPORT ON QUALCOMM". Premium edition, Regular Edition or 15 Minute Delay Edition all available...

To: Ibexx who wrote (112673)	2/8/2002 3:37:34 PM
From: pcstel	Read Replies (1) \| Respond to of 152472

Qualcomm Pays Price for Counting Stock as Revenue QUALCOMM?? Accounting Irregularities?? Who would have thought?? LOL!!! Looks like the Magician is being called in for Questioning? Remember, "Investing is one of our primary business, that is why we count the one time sale of equities into our Pro Forma, but exclude losses on other investments because we no longer consider them as "relevant" to on going operations." Of course until the next quarter when we receive some cash payment from this "non-relevant operation", in which we will be happy to include it into our Pro-Forma once again. PCSTEL

To: Ibexx who wrote (112673)	2/8/2002 4:09:00 PM
From: JohnG	Respond to of 152472

Qualcomm Shares Fall After Report Raises Accounting Concern By Tom Giles San Diego, Feb. 8 (Bloomberg) -- Qualcomm Inc. shares fell as much as 12 percent after a research organization circulated a report questioning accounting practices at the company that licenses patents for mobile phones, analysts said. The Center for Financial Research and Analysis statement raised concerns about how San Diego-based Qualcomm reported revenue in the year ended in September, analysts said. Fund managers are paying heightened attention to the way companies document earnings after the collapse of Enron Corp., which in December filed for the largest U.S. bankruptcy. ``For a company like CFRA to come out and say that there are issues in Qualcomm's accounting ordinarily wouldn't catch (analysts) by surprise, but in this environment, where everyone is wondering where the next shoe may fall, it has led to a case of the jitters,'' said Matt Hoffman, an analyst at SoundView Technology Group in Greenwich, Connecticut, who has a ``buy'' recommendation on the stock. The shares fell $2.04, or 5.2 percent, $37.07 in late trading, and earlier fell to $34.59. Rockville, Maryland-based CFRA didn't return phone calls requesting a copy of the report. Qualcomm spokeswoman Christine Trimble said the company will issue a statement in response to the matters raised in the research report.