This article is a riot !
If these pathetic arguments are the best the bears can muster, the future is bright indeed.
> "Even if you accept that Qualcomm owns the future, Schmitt argues, you need a firm understanding of how the future will change in order to ignore the short sellers. If he's right and the market doesn't demand souped-up wireless
data for two years or more, that theoretically leaves plenty of time for Lucent Technologies (LU) and Motorola (MOT) to send their smartest engineers to design chips that can go around Qualcomm's patents. "None of us know what new engineering will occur in the interim, insists Schmitt."
Motorola's "smartest engineers" couldn't build a decent chip WITH QCOMs patents.
"Indeed, rivals line up every day. A new chip from Analog Devices (ADI), for example, will allow phones to work without recharging for 1,000 hours -- and could, if it's produced and marketed properly, defer the Qualcomm future to some degree."
I wasn't aware that Qualcomms patents cover GSM chip sets because that's what this is. I'll also mention that the 1000 hour standby time claim is meaningless without specifying the size of the battery.
> "One off-the-record Qualcomm bear sneered at the company's "PR machine" and accused it of having "analysts in its pocket,"
Would these be the same analysts who on Monday claimed Qualcomm was going to miss its earnings ?
Prececption and reality are converging, but still don't match. There is still money to be made.
Best wishes,
JI |
