If you are going to try to make a point, at least be full and honest. QCOM has 1.4B in cash and cash equivalents
Before you accuse people of being less than honest Techinvestor, I suggest you learn to how to read and understand plainly written English. I wrote what I am italicizing below in response to Art's assertion that QCOM had 4 billion dollars in cash, and provided a link to the balance sheet to back up my statement:
QCOM has 1.4 billion dollars in “Cash and Cash Equivalents”, not 4 billion dollars in cash.
Message 18361865
You wrote
Given these "facts", please re-argue your point for me.
You now appear to be changing the focus of the argument to what QCOM might be making in the future---a separate argument altogether. My posts were providing information to challenge Art Bechoeffer's statements, which in my humble opinion, especially the one about QCOM's increase in book value, aggrandized QCOM's past profitability. Ironically, Art's statements about MSFT being interested more in control than profitability, have up until this point, applied much better to QCOM than MSFT. As you noted, QCOM has spent eleven long years trying to put themselves in a position to control the wireless data transmission standard, while all during this time the business has provided precious little, real economic return to shareholders. And of course, I am differentiating between economic return and market return to shareholders. Obviously the market return for many shareholders, fueled by a bubble which to this day continues to give tech stocks very generous valuations, has been far in excess of QCOM's economic return to shareholders.
Regards, Huey |
