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Cannot specify both -k and -O if multiple URLs are given, or in combination with -p or -r. See the manual for details.
wget -nH -k -K -l 1 -O report.html "$QM_SERVER/$QM_WEBAPP/qm_rep.do?user=$QM_USER&pass=$QM_PASS&queues=$QM_QUEUE&period=$QM_PERIOD"
[root@dalet ~]# yum list | grep wgetwget.i386 1.10.2-7.el5 installedwget.i386 1.11.4-2.el5_4.1 updates