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

To: Jon Koplik who wrote (126128)	12/21/2002 10:30:03 AM
From: hueyone	Read Replies (1) \| Respond to of 152472

Hi John, My first post was in answer to Art's contention that Qualcomm management is more interested in profits whereas MSFT is more interested in control and self aggrandizement, at which point I answered that MSFT was wildly more profitable eleven years into their publicly traded existence than Qualcomm is now---eleven years into its publicly traded existence. My next post was in answer to Art's contention that Qualcomm has a very impressive gain in book value over the years, to which I answered that most of that gain in book value is explained simply by "Paid in Capital". I will grant you that the "market value" of the patents would probably make a big difference on the balance sheet. Even so, at some point we should be able to expect that the "great market value" of these patents will translate in to increased retained earnings and increased shareholders equity net of paid in capital. So far this has not happened to a particularly meaningful extent in my humble opinion. I assume the picture going forward is brighter, however, since the market for this kind of technology is just now coming to the forefront. Best, Huey