Qualcomm Moderated Thread - please read rules before posting Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

QCOM 177.78

-2.2%

Jan 9 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jim Mullens who wrote (38844)	1/18/2004 1:23:37 PM
From: Maurice Winn	Read Replies (1) of 197157

Thermo is $40 million serious, which is real money. Telecommunications is their business. I suspect they will look on it more as a transient cash flow boost rather than a vast global opportunity which could give them the world's biggest cyberphone network and one of the largest subscriber numbers. In a decade, they could have 40 million customers. The original life of the constellation was intended as 7 years. Then they claimed that it was 10 years because fuel management was going better than expected. But, they've had a lot of satellite failures. The satellites were launched from 1998, so they are now 6 years old. They only have about 2 or 3 years to prove the demand for the service before the constellation is too fragmented to be useful. I forget the current monthly outgoings, but it's a tiny fraction of the $125 million per month they were pouring down the drain when they thought they were King Kong in 2000. I doubt Q will be pouring more money into it - they'll want to be paid, cash on the barrel, for services rendered and goods supplied. I'm surprised QUALCOMM didn't take it over a couple of years ago, including the gateways, and run it themselves. They have the money and the wherewithal. They wasted money on Vesper, Windblast and stuff, but let Globalstar fizzle out. I suspect Bernie Schwartz was playing dog in the manger and they gave up. I'm surprised the management who wrecked the whole thing have been left in charge of it during bankruptcy proceedings. Mqurice

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next