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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 171.02-1.5%Dec 31 3:59 PM EST
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From: Rich Bloem4/21/2010 11:33:56 PM
7 Recommendations  Read Replies (1) of 197057
 
Ok, got to weigh in here. I am extremely disappointed in the markets reaction to Qualcomm. I blame the market and it's instant gratification mentality and I also blame Q. The reduction in guidance last quarter was a killer and short sighted. Q has for the past years invested a lot of money into seeding and growing the industry. It is now time to revisit that policy. The industry is now mature and is going to grow with or without Q. It is now time for Q to divest itself of non-revenue producing programs. It is now time to limit R&D to efforts that will create revenue and profits over the near future. And by near, I mean within a years timeframe. Mirasol is one worth keeping the effort going, but Firethorn and others should be sold. Q now needs to concentrate on reducing costs and taking advantage of the market the created.

I also agree with others that the tone of todays conference call was not good. Other than PJ trying to instill some confidence it was decidedly ho-hum. Almost like everybody was afraid to say something that resulted in last quarters fiasco.

I have come to the conclusion that Q is no longer the growth stock that we enjoyed a few years ago and we are now a mature stock that requires cost restraints and investments into short term revenue producing complementing companies. No longer necessary to invest in things that grow the industry. Wake up Q.

This is not to say Q is a loser. On the contrary, they are in the mold of the Intel's, IBM's and Microsoft's of the world. Not a bad thing, but also not the Q that we knew. The baby has grown up and needs to act like it.
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