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: Wyätt Gwyön who wrote (121877)	7/21/2002 12:33:07 PM
From: puzzlecraft	Read Replies (1) \| Respond to of 152472

Mucho - Regarding "BS Pro Forma" - What do you think of this explanation as to why Pro Forma has been used vs GAAP since GAAP was changed a few years ago: cypress.com This is from a speech by the President and CEO of Cypress Semiconductor and contains a clear side by side example of why GAAP in punitive. This was posted over on the Moderated thread.

To: Wyätt Gwyön who wrote (121877)	7/21/2002 1:47:04 PM
From: Art Bechhoefer	Respond to of 152472

The lead editorial in this week's Economist pretty much blames the telecom bubble as the cause of the entire market fall. The Economist, which purports to espouse economic principles of competition and free markets, now suggests that the only solution is consolidation, with the regional Bells being allowed some leeway to REDUCE competition in order to get prices up. The Economist, furthermore, uses as a basis for its thinking that the regional Bells control almost all of the "last mile" and because of this, they should be allowed to do whatever it takes to make a reasonable profit--before more competition is allowed to interfere. One of the things that makes this article so myopic (and also dangerous for investors) is that behind the "last mile" assumption is the notion that wireless plays no part in data communications, only in voice communications, and that wireline services are still the backbone of all communication. This view is consistent with the approach taken by Nokia and the Europeans, in particular--relegating wireless to voice communications supplanted by modest data capabilities, such as short messaging, stock quotes, etc. But it is not consistent with the existing CDMA2000 technology. Coming from The Economist, this article is important, but alas, wrong. Art