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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (27660)	1/23/2003 2:57:36 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

Jay, QCOM $38 after the bell [results out]. qualcomm.com These results are not bad in the midst of global collapse. The cdma2000 phragmented photon light sabre is swishing around the planet. < SAN DIEGO – January 22, 2003 – QUALCOMM Incorporated (NASDAQ: QCOM) today announced its first quarter fiscal 2003 results ended December 29, 2002. GAAP reported revenues were $1.1 billion in the first fiscal quarter, up 26 percent sequentially and 57 percent year-over-year. Revenues increased primarily due to record demand for CDMA products across global markets. GAAP reported net income was $241 million or $0.30 per share in the first fiscal quarter, up 30 percent sequentially and 76 percent year-over-year. Revenues excluding the QUALCOMM Strategic Initiatives (QSI) segment were $1.1 billion in the first fiscal quarter, up 27 percent sequentially and 54 percent year-over-year. Net income excluding the QSI segment was $345 million or $0.42 per share in the first fiscal quarter, up 35 percent sequentially and 83 percent year-over-year ... > They are having to get a bigger piggy bank or Money Bin to store the loot: <QUALCOMM’s cash, cash equivalents and marketable securities, excluding the QSI segment, totaled approximately $3.7 billion at the end of the first quarter of fiscal 2003. > I don't think they are worried about interest rates going up. They did a good move earlier in 2002 by switching to junk bonds, which have boomed apparently. 10 x $38 = $380 Gold didn't lose much ground versus QCOM, hanging in there at $361 after touching $364. I'd better go and read Uncle Al's latest. I suspect people have misunderstood [yet again] what he meant about gold, money and so on. Mqurice