>> We as IDC investors believe what we are told by management regarding the patent
portfolio just as the Q investors believed their management.
Hi Jim,
Just to giveyou a head's up where I'm coming from on IDC.
You should know as a lurker on the QCOM boards that I wasn't a popular guy. I queried QCOM and the threads on a number of issues, and was quite a Frezza fan for awhile.
As it turns out, Frezza's concerns were mainly correct. CDMA performance is very dependent on good network planning (as certain subscribers in Australia are finding out, to their cost).
I did my DD and invested in QCOM just prior to their divestiture of
the infra division, which everybody in SD knew was a dog, but wasn't
widely acknowledged in the Forums. I got flamed for suggesting it was. Ditto regarding the handset division sale, which I called in April, and was flamed by no less an authority than Greg Powers.
So you know where I'm coming from - I'm a pain in the Ass.
Now regarding trusting management, they are the last people you should trust. Irwin Jacobs is considered a messiah by some. Irwin was
smart enough to hire Sulpizio as his hatchetman. He was the guy who said that the Infra division wasn't for sale in February 99. Technically, he was correct, as the ERICY deal was signed and sealed.
Sulpizio doesn't say boo without Irwin's nod.
I hope Bux's and my prods can provoke a non-partisan examination of IDC's current and future revenue streams; the timing of 3G, and other issues that will affect IDC share value.
My particular interest is whether IDC is worth it's current valuation, and why.
caveat emptor |
