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

To: hueyone who wrote (125277)	11/9/2002 2:51:18 PM
From: cfoe	Respond to of 152472

You have to adjust QCOM's sales by the sales value of their royalty stream to make the an "apples-to-apples" price to sales comparison. On another note to all. I was off by only 1 cent in my forecast for this quarter 30 cents vs. my 29 cents. The additional penny (to 31 cents) was the catch up for someone who under-reported royalties to the tune of $14 million pre-tax ($9+MM after-tax). Did anyone notice that $14MM in revenues at 5% royalty represents $280MM in sales dollars (and $310MM at 4.5%)? Assuming these were older phones with lower ASP (say $150), this is 2MM phones that got missed. Wonder who?