Is there a scenario for Qualcomm to repeat its 1999 performance? (see below).
Didn't Dr. J., a month or so ago, say something to the effect that one should think of Qualcomm as a startup company? (I can be corrected on this, if I am wrong---I did not keep the article or the interview, where, I read this.) If he is correct on this (& we know he usually is correct), then why QCOM would not repeat the history by beating the history? In other words, isn't Qualcomm the undiscovered country?
From [BRIEFING.COM - Robert Walberg]
...
* Qualcomm (QCOM): Speaking of exploding onto the scene, QCOM's stock has skyrocketed in 1999, as
demand surged for its CDMA (code division multiple access) wireless technology... More than 35 million
subscribers now use CDMA phones worldwide, and QCOM is there to collect the royalties... While it will be
impossible for QCOM to duplicate its 1999 performance ever again, we are impressed by management refusal
to sit still and bask in the glory... To the contrary, company busy shedding lower margin businesses to focus on
higher margin businesses like its next-generation wireless data technology... Its newest technology, High Data
Rate (HDR) is being touted for its low cost and high speed... The HDR technology will work with fixed and
mobile devices such as cellular phones, handheld computers, and wireless modems for laptops... The incremental
nature of the HDR upgrade means that it will be cheap for carriers to adopt, making its chances for success all
the greater... Solid financials, innovative, aggressive management team and position at the center of the explosive
Net/wireless boom suggests that QCOM will remain a top performer. |
