|
Daniel, thanks for throwing a high soft one down the middle--let me respond definitively. Making money by picking stocks that appreciate beats the holy living bejesus out of winning the jihad. You are 100% right if you are trying to remind all of us to cool the spiritual, high tech flame wars and get down to the serious business of making dough (although at that point I wouldn't mind speculating about the next technological standards war from the fan tail of the yacht). If you want to own Ericy cuz you think it's a winner for the next 2 years while QCOM fights the good fight, by all means do so. My whole point was that the Japanese wrote off more than $2 BILLION (that's what they admit to, others say the real number was much higher) on the HDTV fiasco, and a bet on GSM/TDMA looks to be the same kind of money down the rat hole. Note that I said this one will take "years not months to resolve" so there might be a few more puffs on the TDMA cigar such as the Brazil contract you referenced. Hell, we're all making bets but my guess (and money) says that the Brazilians just blew it--ain't life grand? One final point--I absolutely agree that QCOM has got to start shown bottom line growth more in concert with their phenomenol top line growth. In this regard, the slow down of the infrastructure build out is a worry. But I continue to believe that this is not a company run by scientists, or, more accurately, it is, but these scientists have a solid commitment to profitability. If that were not the case, I wouldn't own the Company's stock. Period. Needless to say, I could be dead wrong. Regards, Mike Doyle |
