"was the value of seasoned management combined with a passion for innovation"
Yes I'm in good agreement on that point. QCOM is undoubtedly a good company.
The obvious feature neglected by many analysts (including many at the QUALCOMM conference) is debt, and what it means for companies that have little or no debt, compared with the rest.
I think many will become experts on the advantages of not having debt (compared to competitors) in the near future.. "Debt Free" will be all the rage for some time to come imho.
A Wireless Week article on development (Auzzie POV)...
wirelessweek.com
We got it wrong on 3G: PwC
Tuesday May 28 12:00am
The Australian
Copyright 2002 Nationwide News Pty Limited
* Forecasts
PREDICTIONS by PricewaterhouseCoopers last year that 3G wireless technology would rapidly become all-pervasive were completely off the mark, it has admitted.
"We also said 2.5G technology might be good enough," PwC's lead partner of technology, information, communication and entertainment, Martyn Mitchell, said.
"There is no doubt that wireless use has slowed, but it has not disappeared."
Mr Mitchell yesterday launched the PricewaterhouseCoopers Technology Forecast 2002-2004: Navigating the Future of Software.
The 700-page book is the first of two volumes due to be published this year. It includes interviews with Hasso Platner of SAP, Lotus Notes founder Ray Ozzie, Roger McNamee of Integral Capital Partners, and Professor Warren McFarlan of Harvard Business School.
The major claim is that software applications and systems integration has been neglected and will become the new market focus for the next three to five years.
Terry Retter, strategy and technical programs director at PwC's Technology Centre at Menlo Park in California, said there were signs chip manufacturers were recovering, but investment in hardware development had stalled.
Investment in software products was continuing.
"There are no signs that venture capital firms are studying software opportunities, but IT companies are not proposing any risk projects yet," he said.
Australian IT companies were far more likely than US companies to successfully leverage South-East Asian opportunities, he said. |
