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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 159.42-1.2%Jan 16 3:59 PM EST

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To: Bill Wolf who wrote (102193)5/24/2011 5:10:49 PM
From: Art Bechhoefer2 Recommendations  Read Replies (3) of 197283
 
“We’re working in that direction" Nokia is working on CDMA phones. Qualcomm is working on Mirasol displays, now delayed at least until the end of the year. Qualcomm is working with Atheros on improving its market penetration in certain ares. Qualcomm is working with Microsoft on support for Windows software for wireless phones. Qualcomm is working on all kinds of neat devices to expand wireless phone use. Where have they increased their revenues from all these things they're working on?

There is a gap between "is working on" and "has increased revenues." This, together with a weak world economy, where even China's output is decreasing, is the main reason why institutional investors (whose trades set prices) have soured on Qualcomm and a host of other tech companies. Put another way, earnings prospects, no matter how rosy they may seem, have been discounted.

Art
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