The New Qualcomm - a S&P500 company Message Board

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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 140.16

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3:59 PM EST

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To: Clarksterh who wrote (645)	8/7/1999 11:56:00 AM
From: Mike Buckley	Read Replies (1) of 13582

Infrastructure suppliers must provide financing to their customers in the form of very long times between delivery of product and collection of payment. This is a huge drain on cash, and small companies just can't do it. I had hoped Qualcomm would grow fast enough that they could keep up, but it is a dangerous game and involves a lot of leverage. Just as well to be out of it. But Qualcomm isn't out of the financing business entirely. Part of the infrastructure deal with Ericsson involved participating in the financing. The increased earnings and the cash that came from the deal will put the Q in a better position to deal with their part of the financing, but they still have to deal with it if to a lesser extent. --Mike Buckley

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