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

To: TShirtPrinter who wrote (113260)	2/14/2002 10:09:39 AM
From: Elroy	Respond to of 152472

I'm not really a number cruncher, but comparing sales to previous sales needs a close study. Remember QCOM got rid of both the handset manf. and infrastructure divisions. The numbers I quoted didn't include either of those operations. They were already sold or reported in the discontinued ops category. Elroy

To: TShirtPrinter who wrote (113260)	2/14/2002 10:47:38 AM
From: Stock Farmer	Read Replies (2) \| Respond to of 152472

Tony - "lots of sales but little profit"... Pardon me for intruding here, but that describes QCOM rather accurately too. Check the 10-Q filing. Look in the table called "Condensed Consolidated Balance Sheet" Briefly glance at the very important "bottom line" for shareholders. Stockholders' equity: Preferred stock, $0.0001 par value -- -- Common stock, $0.0001 par value 77 76 Paid-in capital 4,862,076 4,791,559 Retained earnings 384,180 244,947 Accumulated other comprehensive loss (135,351 ) (224,167) Total stockholders' equity 5,110,982 4,812,415 Total liabilities and stockholders' equity $ 6,332,453 $ 5,669,733 In its entire life, Qualcomm has generated and kept profits of 384 Millions, of which it has misplaced 135 Millions, offset by a transfer of 4.9 Billions from the pockets of shareholders into its coffers. The company is not making very much of a profit at all. And never has. Actually. [EDIT: 384/4812 = 8% total, or perhaps 2% annualized since '98] But that fact hasn't stopped the share price from rocketing through the roof, so it may just go there again. But nobody should kid themselves it's because the company is making money. The company's made a total of 384 Millions in its life. How much did Dr. J. give to a symphony? Where did that come from? And the only concern this thread has with the BOD is that one guy served on Enron's board? Go figure. Now back to the regularly scheduled technological superiority programming.