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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 155.42-2.5%10:02 AM EST

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To: Michael Allard who wrote (81062)10/15/2008 5:35:47 PM
From: quartersawyer  Read Replies (2) of 197286
 
"QCOM do in a recession"

aside from the good parts, which have been there waiting and well-known, the emergent "slowdown" is founded directly on decreased consumer demand for products and services, right up front in the list of risks and uncertainties to past forward-looking statements. The claim that handsets are staples is limited to a view so panoramic as to blur the bottom line. New, upgraded phones are obviously discretionary and slowed down. Probably network capex too. Currency fluctuations, investments, MediaFlo acceptance rates... all impacted. Not to mention P/E.

Great management of the cash could more than make up for downgraded current potentials.
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