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

To: Art Bechhoefer who wrote (61907)	4/3/2007 5:56:31 PM
From: lml	Respond to of 197321

A "potential" liability is still a liability and must be reported on the balance sheet, as well as overall earnings. Thus, if Nokia sets aside royalty payments, that will not make the earnings look better, not at least by GAAP standards. I agree, Art. I think you misinterpreted my comments. If you did, it was my futile effort to be objective w/r/t NOK's claim. A potential liability IS a liability THAT must disclosed in the financial statements. IF NOK did not report such liability, THEN its cash buildup would be misleading to investors.