Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 137.31

+0.7%

3:59 PM EST

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To: Maurice Winn who wrote (127122)	2/22/2003 8:44:03 PM
From: Stock Farmer	Read Replies (1) of 152472

I can't think of a single claim made by QUALCOMM which has been incorrect. What did they claim would be the consequences from their various strategic initiatives? Companies make "incorrect" claims and projections all the time. That's why we as investors are cautioned under "Safe Harbor" provisions that management has no more foreknowledge than we do. Whenever management makes forward looking statements they are pretty much guaranteed to be "incorrect". We get to find out later by what degree and in which direction. So you getting bent out of shape defending St. Jacobs The Perfect is somewhat over the top. As is the whole business of punishing any company that issued defensible forecasts which turned out later to be overly optimistic. Of course, various management teams have more or less fortune on their side when it comes to delivering results. And various companies are more or less scrupulous than others when it comes to "packaging" the truth. Extremes exist in either direction and should be dealt with accordingly. Without losing sight of the onus of responsibility: buyer beware. But in the middle, within a zone of tolerance, balance is good. John

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