Qualcomm Moderated Thread - please read rules before posting Message Board

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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 176.67

+1.6%

3:59 PM EST

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To: gdichaz who wrote (13206)	7/24/2001 1:12:54 PM
From: trilobyte	Read Replies (1) of 196627

let's suppose that qualcomm had 2 bad news: 1) COO Sulpizio stepping down because of the Spinco cancellation and 2) reduce guidance to be announced at the conference call. Would they have made 2 separate announcements, one today and another in 2 days? That would've impacted the stock negatively twice. On the other hand, if Qualcomm had 1 good and 1 bad news, which one would be announced first? I think the bad news has to go out first in order to limit it's effect. That's how I see the game being played out now as I believe the cc will be very positive (China+Nokia+ Nextel+Nextwave+Korean Tel 50% cap lifted+Sprint PCS). In my opinion, I think Sulpizio feels like a puppet. That's why he resigned. He must feel like he was set up by Jacobs. And he probably sees the top job at Qcom slipping away now, with the Brew Kid breathing up his back. I can understand his (apparently) impetuous resignation. Usually, when resignations happen, companies go out of their way to paint a glowing picture of the departing person. Not here, it seems. But as a QCOM shareholder, I think Spinco not going forward is a major +. All these royalty payments have to be re-invested somewhere. Decoupling the royalty cow from the ASIC business would've been a major major mistake. I think DrJ realized this all along and was dangling Spinco as threat to the Nokias of this world, nothing less, nothing more. Really, there is no way Spinco + QCOM could've been stronger than QCOM alone (now that DrJ got all the IP he needs to conquer the wireless world). Trilobyte

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