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

To: S100 who wrote (114630)	2/27/2002 2:20:05 PM
From: S100	Respond to of 152472

Cell phone service in Afghanistan: The war-torn country's wireless service provider, Afghan Wireless Communication Company, said it would offer cellular phone service in the capital of Kabul at the end of March, Spanish-language news site Clarin.com reported. Afghan Wireless officials could not be reached for comment. According to Clarin.com, Afghan Wireless is currently testing a GSM network, which is the most common cellular network in the world. The carrier reportedly plans to make cell phones the main means of communication in the country, which has poor a fixed-line phone infrastructure and almost non-existent computer use. - - - wired.com Welcome to the Afghan Wireless Communication Company (AWCC) web site. The site is designed to give you regularly updated News and Information about the Company and our activities, and in addition to give you access to our online Telephone Directory. AWCC was incorporated in Kabul on June 8th 1999 with responsibility to provide international and national telephone services, the installation of a mobile telephone network, wireless local loop and other telecommunications services encompassing data and internet connectivity. Following construction of its 3.7 meter satellite antennas and the installation of the switching equipment, on July 3rd 1999, AWCC started to provide international telephone services from its Public Call Offices (PCO's) in Kabul and Kandahar. AWCC has installed digital switches on behalf of the Ministry of Communications in Kabul and Kandahar to add new subscribers and to enable subscribers of the older mechanical telephone exchanges to make and receive international and national calls through the local operators. Telephone Systems International S.A. which has responsibility for the international traffic in and out of Afghanistan is pleased to bring into service the ITU assigned country code of "93" for the cities of Kabul and Kandahar. After 20 years of war in Afghanistan, communications are going to form a crucial role in efforts to rebuild the country's shattered economy. In order to revitalise communications within the country and to encourage communications to and from the country from both humanitarian and business perspectives, AWCC has gathered as much existing subscriber information as possible to include in our online telephone directory. We know the information is not as accurate as we would like and we would ask you to bear with us as we update the information as quickly as possible. If you want to find a telephone number in Afghanistan go to our Directory. If you can help us update the Directory please send us an e-mail with the details. The existing exchanges are more than 40 years old and are unreliable. If you are trying to call a number on one of the old exchanges, the international operators will try their best to assist you, but please be patient, the operators will be as frustrated as you are if the call does not go through on the first attempt. If you want to make a telephone call to Afghanistan go to Dialing Instructions. Newer digital switches will be installed and expanded by the Ministry of Communications in accordance with its network plans. AWCC has been working on the specifications for its mobile telephone network which is due to be operational early in the year 2000, bringing Afghanistan into the 21st Century. If you would like to know more about the mobile network or how you can help a friend or relative buy a mobile telephone in Afghanistan then click here. We want to help Afghan companies show their products to the world, not only through the telephone directory but through the World Wide Web. If you know of an Afghan company that should have a presence on the web and you want to help, send us an e-mail with the details and we'll do the rest. Contact: Afghan Wireless Communication Company Ministry of Communications Building Mohammed Jan Khan Watt Kabul Afghanistan Customer Services: +93 (0)2 290016 afghanwireless.com

To: S100 who wrote (114630)	2/27/2002 2:45:39 PM
From: sea_biscuit	Respond to of 152472

After all, it was just last January, about one week before QCOM held their CC and released their earnings for the quarter that closed at the end of December, when Globalfrt defaulted on their bonds and QCOM, those tricky guys, went back and took a big bath on their Globalfrt assets. Hid lots their earnings that way and then used some phony regulation to spread out other earnings over many years not very long ago. Wonder where else they are hiding earnings with phony accounting tricks designed to provide the best long term results for QCOM? It won't work. It can put off the day of reckoning. But it can only put it off.

To: S100 who wrote (114630)	2/27/2002 2:53:16 PM
From: carranza2	Read Replies (3) \| Respond to of 152472

Let's go to the heart of the matter. From the Q's latest 10-Q filed in January. States exactly how Q calculates reported net earnings per share. Please carefully note the stuff I've boldened: Net Earnings Per Common Share Basic net earnings per common share are calculated by dividing net income or loss by the weighted average number of common shares outstanding during the reporting period. Diluted net earnings per common share (diluted EPS) for the three months ended December 30, 2001 reflect the potential dilutive effect, calculated using the treasury stock method, of 44,615,000 additional common shares issuable upon exercise of outstanding stock options and the potential dilutive effect. The diluted base for the three months ended December 31, 2000 excludes the potential dilutive effect, calculated using the treasury stock method, of 56,567,000 additional common shares issuable upon exercise of outstanding stock options due to their anti-dilutive effect as a result of the Company's loss before accounting change. Options outstanding during the three months ended December 30, 2001 and December 31, 2000 to purchase approximately 24,131,000 and 8,097,000 shares of common stock, respectively, were not included in the treasury stock computation of diluted EPS because the options' exercise price was greater than the average market price of the common stock during the period and, therefore, the effect would be anti-dilutive. If I were bloody minded, I'd insist that the 88,000,000, plus or minus, in anti-dilutive stock options be included in the calculation of net earnings per share because they represent options which are underwater and therefore are elements of compensation which do not have to be paid and are unlikely to be paid anytime soon. A cost savings, by golly, since there is unlikely to be any dilution on account of those shares. But I'm not bloody minded. How do you like dem apples?