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

QCOM 159.42

-1.2%

Jan 16 9:30 AM EST

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To: Maurice Winn who wrote (59673)	2/2/2007 5:17:11 PM
From: Rich Bloem	Read Replies (3) of 197253

Maurice, how many times do I need to correct this statement. But no, the handset division was hopeless and ditched [Paul was running it]. Infrastructure couldn't hack it. Qualcomm never had the intent, the desire nor the expertise to go into the handset or infrastructure business. They were forced into in in order to seed the market with hardware. The original plan was never to produce more than 250,000 phones per year. The disposal of these divisions were a work of art and the stock was rewarded accordingly. At the same time, Qualcomm got out of the business of competing with their customers. How do I know? I was there.

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