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

To: MMW who wrote (26696)	4/10/1999 10:47:00 PM
From: MileHigh	Read Replies (1) \| Respond to of 152472

Mike, By the way, Dell's net profit margin is above 8%. Well I guess "technically" you are correct by .2 of a percent (per Silicon Investor profile site) And 8% PM is only a recent event (last 3 qrts) DELL Earnings History Qtr End 11/97 02/98 05/98 08/98 11/98 01/99 Revenue (millions) 3188.0 3737.0 3920.0 4331.0 4818.0 5173.0 Net Income (millions) 248.0 285.0 305.0 346.0 384.0 425.0 Net Profit Margin 7.8% 7.6% 7.8% 8.0% 8.0% 8.2% Shares Out(millions) 2880.0 2824.0 2800.0 2784.0 2762.0 2750.0

To: MMW who wrote (26696)	4/10/1999 10:53:00 PM
From: Clarksterh	Read Replies (1) \| Respond to of 152472

By the way, Dell's net profit margin is above 8%. I stand corrected. For the last two quarters Dell's Net Margin has been almost exactly 8%. Obviously I made a math error somewhere. Thanks for the correction. But my point still stands that Qualcomm's NM shouldn't be too shabby in the next few quarters. Also, as late as year-ending Jan 96 Dell had a net margin of just over 5%. We shouldn't get too greedy, nor expect too much too soon. Clark

To: MMW who wrote (26696)	4/10/1999 11:08:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 152472

Mike, By using the SP 500 criteria you are being unfair to the "Baby" in your analysis,(Q-400) I agree with your post, only when the Q is in the 500. Regards, Mp

To: MMW who wrote (26696)	4/11/1999 1:55:00 PM
From: engineer	Respond to of 152472

Is the overall margin number you quote for the company as a whole or for just the handset division? If you included the infrastructure division in that number, then I can understand it. They were loosing money every quarter. I would think that the 3rd quarter would show alot different numbers if that were the case. I think also you have to look at the amount of money put back into R&D and hard plant equipment which took the gross margin and dropped it down. If they are taking half of the gross margin and putting it back into these, then this is a good thing, as it makes the company more valuable in the future. Another look is that if the infra division was loosing $150M like this thread says, then this would go back into the margin calculations, wouldn't it? Seems like the overall margin picture will clean up substantially by 4th quarter of this FY. I also think there are alot of people who don't understand the past financial model and just how radically it changed in the last month. Looking at the past numbers now is kind of irrelevant....