The New QUALCOMM - Coming Into Buy Range Message Board

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Technology Stocks : The New QUALCOMM - Coming Into Buy Range

QCOM 180.90

+2.1%

Oct 31 9:30 AM EDT

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To: Lance Bredvold who wrote (9066)	7/27/2023 8:35:11 PM
From: petal	2 Recommendations Recommended By Jon Koplik Lance Bredvold of 9129

Excellently put Lance, thanks for that! But as soon as they got S. Korea to standardize the technology, the infrastructure business was sold to Ericsson. Probably a good thing too, since the infrastructure business has been a quite bad business indeed to be in (see Ericsson and Nokia share prices from that time and onwards...)! That is sufficient for my standards. 15 or 16% return, over 1% per month for 21 years. QCOM has done that. That should be enough for pretty much anyone's standards. There are very few companies that can compound at a higher rate than that. There are literally like a handful. Amazon springs to mind. But that growth rate is freakish and to be considered as a statistical aberration, rather than anything else. And à propos of "statistical aberrations", even W. Buffett could only compound at > 20% for three or so decades. After that, it's virtually impossible. (AMZN, too, will eventually have to stop growing, if the laws of the Universe still remain intact in this raving new software world of ours.)

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