Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 151.59

-0.4%

Jan 30 9:30 AM EST

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To: limtex who wrote (8252)	2/9/1998 11:51:00 AM
From: Todd E Godwin	Read Replies (1) of 152472

The most important question at the meeting - how bad is the inventory buildup? Ok, the whole thing was a big surprise to everyone. Management, the S. Koreans, the investment community, everyone. As everyone has noted, management stated in the first quarter release that a ramping of production was underway so this whole situation came as a huge surprise to everyone including management only last Thursday. Now the cat's out, orders have been cancelled, delivery not accepted, 700 employees laid off, and weaker US sales. All this adds up to one thing - inventory buildup, aka the margin destructor of all destructors. Should be interesting to hear what they have to say about this issue. All I can say is, they better give a straight answer. Regards to all, Todd

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