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

To: A.J. Mullen who wrote (80963)	10/13/2008 1:00:01 PM
From: David E. Taylor	1 Recommendation Read Replies (1) \| Respond to of 197258

I'm not an accountant either (<g>), but I do like to dig into the numbers. From the statement in the 3rd quarter 10Q, QCOM moved those ARS's from "current" meaning "immediately available like cash" to "non-current" meaning not needed in the next 12 months" because the normally liquid ARS market froze up. But since they were backed by government guaranteed debt like student loans, they still value them at par, i.e. no gain or loss on the books. My guess is that the ARS's will get moved back into "current" once the market for them becomes liquid again. I honestly don't think they are part of QCOM's stash that is at risk of losing value. David