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

To: David E. Taylor who wrote (80952)	10/13/2008 8:15:22 AM
From: carranza2	Read Replies (1) \| Respond to of 197254

But, all-in-all, not that encouraging IMO. How much the stock price will suffer if the value of these holdings has gone down significantly is anybody’s guess. Agree. The non-current, non-investment grade debt might be junk bonds. No telling how they wlll fare without insight into details. Some might be relatively safe. Still, we may now find out why they are called 'junk.' I would say that roughly $2bn of Q's 'cash' needs to be looked at very carefully, discounted to some degree.

To: David E. Taylor who wrote (80952)	10/13/2008 11:22:25 AM
From: A.J. Mullen	Read Replies (1) \| Respond to of 197254

Non-Current Securities I read somewhere that securities have to be valued at their market value (marked to market) unless management regards them as long-term investments, in which case they can be valued at their (discounted) maturity value. I think that's what is behind the shift of 193 million ARS to non-current. Presumably the shift allows unrealized losses to be removed from the accounts. Would it allow the gain at maturity to be shown as an unrealized gain? Ashley (No accountant - as might be painfully clear.)

To: David E. Taylor who wrote (80952)	10/13/2008 4:46:46 PM
From: JGoren	Read Replies (1) \| Respond to of 197254

great post. The GSE's are probably mostly toast, but I would think the mortgage-backed securities are not. Qcom would just hold them for several years, which it can afford to do, and wait for the market to get better. Meanwhile, it could suffer some losses on those that actually do go into default.