With all due respect Greg, you seem to be talking your book. I respect your insights and envy your recent past track record with the Q, but it seems for the last several months you take any opportunity to slam QCOM and in my view exaggerate its shortcomings.
The story for QCOM is not delayed (I interpret delayed as a train stalled on its tracks). All IS95 carriers are rapidly progressing to CDMA2000, WCDMA may very well be superceded by the QCOM standard, and the largest tech companies in the world are gearing up for the wireless web. Standards disputes may cause confusion, but the world is going CDMA, and that will benefit Q more than any other co. FWIW, since last year's runup, the outlook for Q has not changed, the only thing that has changed is the markets perception of the Q and a decrease in clarity(caused by devious means IMHO)
FYI, I own both QCOM and JDSU, and I am highly optimistic about both companies medium to long-term growth potential.
However, I think it is prudent to be cautious with JDSU, given potential digestion problems consuming SDL; Justice Dept.; a very rich 2001 P/E of 130 in an environment of slowing earnings (Q's is about 50) etc.
Isn't it wise to be prepared for a decrease in clarity and an increase in uncertainty for JDSU in the near-term?
Regards,
Dan |
