Art,re: huge gap/ soured on QCOM
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.
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Seems to me over the past year the company has often spoken of increasing long term growth (revenues /EPS ) ---harvesting the heavy R&D over the past several years (snapdragon, gobi, and supporting virtually every OS on the map while picking up Apple & MSFT/NOK wins in addition to Android, Blackberry and HP/Palm).
Perhaps you **also** missed Modoff’s latest wherein he’s projecting WCDMA share growth from 37% last year to 60% in 2013. And this is on top of 95% ?? CDMA2x share.
A quick check on Yahoo reflects ~ a 30% growth in QCOM revenue from FY10 actuals thru FY12 consensus estimates (which Q has a habit of recently beating).
A quick check of Yahoo charts shows QCOM “ holding up fairly well “ against the general market.
finance.yahoo.com
So who’s soured on QCOM, you or…..,
… or is the market itself “souring” / taking a break waiting to figure out the Fed / Adm ( deficit, debt limits, entitlement reform, gas prices, food / commodity inflation, mid-east crisis, Euro credit fiasco, Japanese tragedy, Midwest floods/ tornadoes, etc, etc, etc……. /
….or it could be worse……wasn’t the world supposed to end the other day??????????????? |
