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

QCOM 176.67

+1.6%

3:59 PM EST

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To: somerlondon who wrote (92290)	6/9/2010 11:12:25 AM
From: matherandlowell	4 Recommendations Read Replies (1) of 196626

"QCOM needs to focus on core competency and also invest in ways to generate new revenue (mirasol, flo, etc) - obviously not all (maybe very few) will be winners." Well said. Agree that 3G will be the workhorse for all things mobile for the foreseeable future with supplementation by 4G on a population density/data traffic density basis. On many levels, things couldn't be working out any better for Qualcomm. Even the absence of a Verizon iPhone seems to have distinct advantages as it allows the emergence of a strong alternative and thus guarantees that market diversity not hegemony will guide smartphone adoption. Paradoxically, the arrival of a Verizon iphone will likely correlate with higher stock prices for QCOM even though Q's earnings/handset might be higher with the Droids. I continue to believe that the current rain on QCOM's parade is coming from clouds of macroeconomic concerns and not from overspending on possible future technologies. Is it reasonable to expect QCOM's growth to proceed unfettered while the rest of the world faces the prospect of economic meltdown? The truth is that QCOM's management might be doing a great job building its economic house, but if it is raining outside, all the houses get wet. We should acknowledge that we are more prone to criticism when the price of the stock is low. This is an excellent time to accumulate this stock assuming that the threat of worldwide depression soon passes. But because predicting the world economy is considerably less certain than predicting the shift from 2 to 3G, our final judgments on whether this is a good time to buy (or a good time to hold) will necessarily be, as usual, retrospective. j.

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