Limtex: the word was "slump", Dr. J said it in his last sentence, at the close of the cc; when I heard it, I knew the Street would be all over it and the stock price would be pressured down.
The choice of the word, and especially the timing of it's use, after a very upbeat and positive forward-looking discussion of the future of QCOM, seemed out of place, especially since the seasonality issue is known to effect sales in the post Christmas quarter every year.
So, I do believe that Dr. J had a reason for characterizing the firm's prospects going forward in such a way; that is, to begin to manage expectations a la John Chambers, Bill Gates, et al.
As a Q shareholder(all in leaps now, and looking for more when a firm bottom is in place) I would prefer the stock price to take a back seat to the fundamentals of this great company.
The earnings growth will be plenty enough to elevate the price over time, with big news events to spice it up, but anal-ysts "projections" of $1000/share merely set up the unwary.
I believe I would rather have Dr. J managing expectations than the whores on Wall Street. They work big tech stocks all the time; any INTC shareholder will tell you what happens to a stock when the management doesn't take charge of expectations. Big volume and high volatility means big bucks for Wall Street. Portfolio pimps can't pump and dump when management leads the way.
Just my 2 cents.
Regards,
James |
