Jill,
I worked at Q for more than 12 years until I left. The post I referred to and the IDC patent stuff is total bull intended to scare you. IDC signed a royalty free lic for anything which is remotely related to Qualcomm UNDER 10 MHZ for approximately $8M in 1994. They are posturing. All the top management at IDC is worried for letting a stock go +1500%, then minus 65%.
This crap is so far off base, it is not possibly even close. Go waste your time on short snakes all you want, but devoting thread time to supporting these guys is a mistake.
Believe me, I am also VERY long on Q, bought back more shares last year and this year than most of you have on this thread. Right now, everyone is lining up to take a pot shot at Q, kick them while we are down. It is not even Q so much as it is a bunch of MM's playing with the techs now that they have us all worried about the interest rates. A little softness, and they see a way to push us down 40 points, sell off at 150 and buy back at 110-120. Then all the shorts come out and try to increase the volatility by bringing up rumors which last year got dispelled fairly well.
On top of that, we have the giant WCDMA PR machine ramping up to spread FUD about how WCDMA is rolling out soon. It isn't. NTT is trying to save their butts, since they are not quite as well postioned in Marketing terms as AT&T, so they are trhowing FUD out there to keep the customers, whereas AT&T is just trying to "market" the customers into satisfaction. Korea is helping becuase they are sour grapes about their royalty rates and are kicking and screaming on the floor like a 4 year old until they get their way.
I have been sitting back watching all this and not commenting, but "SERIOUS INFO". PLEASE. |
