Qualcomm Moderated Thread - please read rules before posting Message Board

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

QCOM 164.53

-0.4%

3:59 PM EST

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To: Michael Allard who wrote (81062)	10/15/2008 4:31:08 PM
From: slacker711	Read Replies (3) of 197208

I recall a period of time 5 - 10 years ago in Korea (I think?) where cell phone sales did great through a very big downturn in the economy. That really doesnt apply to the current market which is much more heavily dependent on replacement sales. Yes, first time users in India will continue to buy handsets because the utility of the devices is far more than the cost. However, it is very easy for consumers in developed countries to put off buying replacement devices for another six months which would play havok with the device volumes and ASP's. The question is if this is discounted at $36 a share. I think that they are discounting much more than is likely to occur now that a system wide meltdown seems to be off the table. Slacker

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