Gregg,
I don't think the "market" has any idea what MOT, CDMA, Brazil or Timbutu have anything to do with QCOM. As you (at least I think it was you) once said, there are so many playing the stock market as if it is a video game these days. In due time, we may find out whether it is short covering, margin calls or whatever the reason may be that drives high momentum stocks like QC.
There were no real reason why it jumped 11 yesterday, just as irrational as the 6 point drop the day before.
With all the self acclaimed LONG TERM investors on this thread, why would anyone be excited over a daily movement anyone.
As for the pdQ, I have long opined that it is a R&D project and has no immediate commercial value. I hope expectations are not too high for this gadget for it is just that, a gadget.
The thin phone is another story. I suspect that in due time, we would find that QC had made some very smart strategic decisions with the thin phone. Knowing the product is likely to be a big seller but production is limited right now, what would you do if you are QC.
Well, you can sell this killer app to the strong customer, such as Sprint PCS, or you can use it to help out the weaker customers to gain market share, both domestically and internationally. After they ramp up production, they can always count on selling some to the Sprints and BAs.
On the other hand, Dr J never asked me for my opinion so I could be all wrong. <g>
Ramsey |
