An 11% drop from a rapidly reached all time high of $198. That's the same as a drop from $56 to $50. Hardly a blip on the graph over a five year period. Such changes have been a dime a dozen.
Since there are huge unknowable variables in Q! such as WK, 724, Eudora, 3G, G*, China/CDMA, pdQ, Anita[TM], Earcell[TM], HDR, NextWave, Cinecomm, Qq, Motorola patent dispute, current share price is very much guesswork.
The daily output of OmniTRACS, ThinPhones, QCP820 and other handsets, MSM3000, royalties are fairly reasonably established and projections for a couple of years can be estimated.
But the wild blue yonder of the first lot makes any price a total guess. Fortunately they are all good things, not dangerous things, so the worst that might happen is that some of them won't make any money. So the question is whether Qualcomm will be amazing beyond belief and the harbinger of It or just an extremely profitable, highly innovative, very big telecommunications company.
Q! is a bit like a big .com stock, but with serious earnings and even more impressive ones possible, with a genuine barrier to entry - CDMA and a horde of patents and about 10,000 people who are making it go like crazy. The normal .coms have little barrier to entry and could fizzle very quickly if the Web moves a millimetre. It is very much alive and developing, so It could morph in any direction any time.
Check out the .com prices and the volatility. Q! should be at least as volatile until some sort of outcome of those possibilities is a bit certain.
bigcharts.com
See the dead cat bounce at the end of the head and shoulders. A kind of last internut desperate hope. I wonder if I can patent the H/S D/C as a new TA formation? That is a very volatile $multibillion sector.
Mqurice
PS: Did you people know that Ramsey Su went on vacation? He probably tried to sneak out of town because he's fully invested and couldn't face the damage. Looks as though Q! noticed. The traditional vacation effect was a significant buying opportunity.
Also, quite neat that the value of trading in Q! was huge and far exceeded MSFT which seemed trivial by comparison. Qualcomm is now the biggest and toughest on the stock market. $4.3bn Q! traded and Dell, MSFT, Intel and Yahoo combined only just matched it! If you are a broker, Qualcomm is where the action was today.
See, told you that Q! was going to beat that lot combined. Now just has to raise market capitalisation to match that lot combined. You can throw in the Federal Reserve and maybe ATT too. Okay, maybe that's a slight exaggeration. |
