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

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: matherandlowell who wrote (93218)	7/19/2010 12:54:15 AM
From: slacker711	9 Recommendations Read Replies (1) of 196568

That's bad management? You are mixing apples and oranges here. Qualcomm's management has two different jobs. One is to generate the cash and the second is to manage the cash wisely. They have been brilliant at the first job and miserable at the second. If this management team was entirely responsible for the cash generation, I would give them a pass....but you could have a truly terrible management team and the strength of Qualcomm's business would allow them to still be a cash generating machine. The business is that good. I would also note that I wouldnt touch the QCT portion of management. OTOH, the management of the cash is entirely on them and I could live with the mistakes if they had shown even the smallest sign that they had learned any lessons from previous write downs. Can you point me to any lessons that they have learned from the billions in shareholder money that they have thrown down the tubes over the years? They continue to think that Qualcomm should act as an operator and they continue to act as a fund of funds. I know you trust management. However, try and separate the two jobs. What makes you trust Qualcomm as an operator or as a fund of funds? Are you comfortable knowing that Qualcomm had ~$800 million in mortgage securities or $2 billion in the equity markets? and if so, why? What gives you confidence that they will turn MediaFLO around when they have so misjudged the mobileTV market over the last three years? Slacker

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