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Intel Corporation Message Board

  • theblueredmonk theblueredmonk Nov 30, 2013 4:36 AM Flag

    Re Wallis and QCOM

    Sorry for the new thread:
    ---
    "And Intel had $19 billion in cash and short-term investments at the end of September. Qualcomm had $15 billion. So your comment there isn't even correct. Intel is a cash generating machine."
    ---

    No idea where this 15 Billion number comes from, but according to the "FY 2013 4th Quarter Earnings Release" document on QCOM's website:

    "Our cash, cash equivalents and marketable securities totaled $29.4 billion at the end of fiscal 2013"

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    • How about intel's 13 plus BILLION in long term debt? And now QCOM has a larger market cap. I will pass on this pig, intel's best days appear to be over! I know, I know...intel wasted another 20 BILLIION in stock buybacks and look where they are now, no thanks. No wonder why Paul split.

    • "No idea where this 15 Billion number comes from, but according to the "FY 2013 4th Quarter Earnings Release" document on QCOM's website: Our cash, cash equivalents and marketable securities totaled $29.4 billion at the end of fiscal 2013"

      [Qualcomm has included $14.4 billion in long-term investments in their number. Long term investments are definitely NOT cash equivalents and this is why they are captioned "LONG-TERM". So, no - Qualcomm's cash and cash equivalents are not impressive in comparison to Intel - they are slightly less. And even if they were your argument would still not hold water.]

    • For what it is worth, and probably not much:
      Qualcomm's Q313 Balance Sheet shows $14.966 billion in Cash and Short Term Marketable Securities amongst Current Assets and separately $14.440 billion in long term Marketable Securities, totaling $29.932 billion.
      Intel Q313 Balance Sheet shows $19.146 in Cash, Marketable Securities and Trading Assets included in Current Assets. It also shows $8.087 billion in long term Marketable Securities and other Long Term Investment, totaling $27.243 billion.

 
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