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

To: brian h who wrote (102337)	5/31/2011 8:44:29 AM
From: waitwatchwander	4 Recommendations Read Replies (1) \| Respond to of 197283

Hi Brian, Thanx for egging me on to update my financial numbers for Qualcomm. All my expense numbers came from Qualcomm quarterly reports. The balance sheet numbers (ie asset purchases) came from my memory of events and those have now been updated based upon Annual 10-K SEC filings. The bottom line has been revised, as follows: FLO Operating Expenses (2006-2011) $ 1,757M Reorganization Expenses (2011) $ 439M Assets (As of September 2010) $ 1,300M ---> Wireless Licences included in Assets (2010) $ 746M My revised overall "feeling" here is that around a billion will be the net loss tallied against FLO and assets valued at $115M have now been deployed elsewhere within the business. Sources: Operating Expenses (Quarterly Reports 2006-2011) Assets (10-K filed Nov 3rd, 2010, page 21) - Our FLO TV business had $1.3 billion in assets (including $746 million in spectrum licenses used by our FLO TV subsidiary) at September 26, 2010. Reorganization (10-Q filed Jan 26, 2011, page 23) - The Company estimates that it will incur future restructuring and restructuring-related charges associated with this plan in the range of $300 million to $375 million, which consist of asset impairments and accelerated depreciation of $250 million to $275 million and other costs of $50 million to $100 million. Restructuring charges consist of lease exit costs, other contract termination costs and certain severance costs. Restructuring-related charges include all other charges associated with the execution of this plan and are expected to primarily consist of asset impairment and accelerated depreciation ... During the three months ended December 26, 2010, the Company recorded restructuring and restructuring-related costs of $68 million