<<...if you can convince me that my concerns are invalid, I would certainly buy Q, but for now, I'll stay on the sidelines.>>
Mr. Fun,
Thank you for taking the time to share your concerns on Qualcomm. They are valid. You are far more educated than I, although I have been accepted and will enter Sloan's program June 2000. As you know, this is a full-time 12 month program. Maybe you'll share with me some of your favorite professors.
Anyway, lets assume Qualcomm's patents and royalty income ARE successfully challenged and revoked - across the board - 36 months from now.
That is, Qualcomm's grip on CDMA technology and the resulting royalty income stream end officially December 2002.
And lets also assume Qualcomm does not develop and patent further advances in wireless technology. Does this possibility factor into your decision?
And you also assume it's not worth riding the "short-term" 18 month rocket, being unable to get out before Qualcomm hits the brick wall at 400 MPH.
Then where do you see the price of Qualcomm shares December 1, 2002 (post upcoming 4/1 split), if this all comes to pass? (40? 30? 20?)
And because of this possibility, you believe you shouldn't hold ANY Qualcomm shares.
I only have two questions: Let's assume Qualcomm goes up to 1000 in the meantime thanks to emotional investors, speculators, etc., (post December split -- 1000%) and the courts rule on Qualcomm's behalf. Only then will you begin to buy your FIRST QCOM share? NONE until then?
Wow. I had now idea some people were that scared.
We all know there's a possibility of downside, but surely the upside is greater. No? Much, much greater. No? Well, I for one am taking that risk.
See you December 2002.
I only take the time to write this because I respect your opinion very much and can only attribute our differing views to the possibility that you are focused on wealth preservation, not wealth creation. |
