JMiller. . . it isn't about today. The markets move on what is around the next corner. As I understand it, CDMA has lost out to GSM in some Asian countries. And GPRS and TDMA are the coming technologies. And it is the COMING technologies that are given the higher valuations, not the current state-of-the-art. Otherwise, everyone would be tripping over themselves to buy A.T.&T., WCOM and FON. Instead, take a look at the Price-to-sales ratios on HAND, RIMM, CORV, AETH, OPWV, etc.
And as far as you not liking the call of QCOM short 400% higher, well. . . . not many did. But it was the right call by a long shot. And the logic behind it has been sound. . . like it or not. There WILL be better technologies coming.
Meanwhile, I added QCOM to our Long-Term portfolio on October 13th at $65. So I am actually bullish on QCOM moving forward. At least to about $120.
Thanks for your info.
Rande Is |
