Qualcomm Moderated Thread - please read rules before posting Message Board

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

QCOM 159.42

-1.2%

Jan 16 9:30 AM EST

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To: slacker711 who wrote (108296)	1/4/2012 11:08:05 AM
From: Jim Mullens	3 Recommendations Read Replies (4) of 197271

BDAZZ / Slacker / WWW, re: “second guessing management” BDAZZ- “My post said if you don't have faith in PJ then you should not own the stock.” Slacker I disagree. There are very few companies that fit the description but some companies have strong enough business models that only somebody completely incompetent would be able to derail the company. We can disagree about some of PJ's decisions but I dont think anybody would put him in that class of management. One great thing about owning Qualcomm shares over the years is that I have always thought that they have had limited downside due to the resilience of the business model. That isnt true for the vast vast majority of companies (including Apple). The original Qualcomm team did an amazing job setting up a company that was made for the long-term >>>>>>>>>>>>>>>>>>>>>>>>> My two cents- Second guessing is one thing, but a consistent barrage of attacks demanding new management is quite another- IMO. As a practical matter, for a long term owner with a substantial investment in a particular company, I would think it somewhat self defeating to one’s own net worth to constantly berate the companies CEO. That’s not to say one should not “second guess” some of management’s decisions, but to constantly shout out for the ouster of the CEO while still having major stake in the company is inconsistent / contrary / incompatible to one’s self interest, IMO. ( unless one’s a take-over “artist”- attempting to drive the price down ) I totally agree that “The original* Qualcomm team did an amazing job setting up a company that was made for the long-term”,* and …….QCOM’s business model is indeed unique as revealed by Gregg Powers (and others) some 15 years ago, and the major reason I originally invested and remained invested thru thick and thin over the years. However, describing Paul as … not “…somebody completely incompetent (that) would be able to derail the company” …is not particularly a great vote of confidence and IMO significantly (totally?) ignores his / the companies many outstanding accomplishments during his close to six years as CEO, many of which were under extremely difficult conditions - both maco and micro). Anyone care to list a few of QCOM’s accomplishments over the past 5- 6 years?

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