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

To: sea_biscuit who wrote (112698)	2/8/2002 4:02:50 PM
From: Another John	Read Replies (2) \| Respond to of 152472

There is an "Accounting Problem" with Qualcomm. They have over $90 million of Nokia's money that they cannot book as license revenue immediately but have to take over the next 6 years due to strict accounting rules. John

To: sea_biscuit who wrote (112698)	2/8/2002 6:47:01 PM
From: Jon Koplik	Read Replies (1) \| Respond to of 152472

(repeating) Re : QCOM price to sales ratio -- Q's ratio includes hundreds of millions of dollars of licensing and royalty "sales," which have a profit margin of roughly 90%. This is not true with almost every single other company in the world's sales. So, you are comparing "apples to oranges." (But, I am sure your argument would work well in a short selling recommendation). Jon. (I am not going to let this price to sales ratio stuff remain "in print" un-answered).