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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: JMD who wrote (13816)	8/17/1998 3:00:00 AM
From: Clarksterh	Respond to of 152472

Anyone looked at the balance sheet from the latest 10Q? A somewhat disturbing growth in Accounts Receivable ($788M vs $445M nine months ago). The explanation given is: The increase in accounts receivable and finance receivables in the first nine months of fiscal 1998 primarily reflects the continued growth in equipment and component sales and extended terms provided to certain Korean customers. While this is understandable (Korea is having problems with cash), it is nonetheless worrisome unless Qualcomm has a detailed plan in place for dealing with collection. (For instance, as they hint, some of it is probably due to not being paid for infrastructure until the network is operational even though the QCOM equ is delivered and running. - That doesn't worry me) Does anyone know what the split is in the recent AR growth Korea/all-else? And does anyone know what the plan is for dealing with the Korea AR problem? Not trying to scare anyone (Q has a pretty good record of conservative accounting practices), but having been burned too often with AR problems, I like to understand it if it shows up. Clark