The Market Never Lies
Short sighted? I see QCOM making string of failed and wrong Investments and false starts, Russia, Next Wave, G, China, holding on the hand set div. too long, it's too soon to say anything about netzero, but I have yet to see any of the FREE ISP make it. Plus where is the fruit MSFT/QCOM collaboration, I have seen next to nothing from it has if QCOM was pushed right out it and MSFT is in total control. What you are holding now is a company that has to wait 18 months or two years for the pay off, that is most likely going to be reduced as it is. On top of all that, management has finally come to the conclusion that they have to become more then a CDMA shop, they have to face reality that pure CDMA system design by QCOM will not grow as expected, they have to start addressing the needs of whole cellular industry, like management conclusion so should QCOM realize this. Don't get me wrong, I have greatest respect for Dr. J and company, they are fighting the good fight, and a lot that has happen was out of their control, but you can't just sit here and be in denial and expect this stock to regain it's former luster, unless the current story changes and frankly, I just don't see that happening. Do you?
Greg |
