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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (49146)	12/9/2005 3:41:53 PM
From: JeffreyHF	Read Replies (1) \| Respond to of 197418

When our GAAP earnings exceeded pro forma, the market used our lower number. Most of the tech companies, except most notably Microsoft, will have similar issues. The analyst community seems content to exclude the cost of options from their comparisons. Perhaps the market will, as well.

To: carranza2 who wrote (49146)	12/10/2005 12:38:15 AM
From: JohnG	Respond to of 197418

"Do you think we'll make up .18 in earnings" I really don't think it is necessary to make up the $0.18 in earnings. The QCOM accounting presentations are clear and conservative so you can see the trend in earnings from operations VS non-operating items like charges based on stock options awarded years ago. A surge in earnings from operations during 1H 2006 will be adequate to excite stock analysts and increase interest in the stock. Now, I think, we wait to see if there really is an acceleration in WCDMA uptake and if it helps QCOM -- i.e. we wait for the data after hearing this fine story. Supposedly the $1.75 projections for 2007 will not de drained by more 1 time charges. So 30 x 1.75=$52.50, AND this is certainly reasonable for this winter.