Doug,
" But Qcom has elected to be a broadly based wireless manufacturer, rather than a IP royalty house. The IP royalties do constitute a vital cash cow, along with the Omnitracs business"
This should read "But QCOM has elected to be a broadly based wireless manufacturer AND an IP royalty house"
"All the attention on 3G CDMA standards, and whether Ericy will have to concede IP primacy, and on how fast the march towards CDMA adoption primacy will proceed, is, in my view, missing the point. All that would be spot on if Qcom limited itself to a Rmbs business model, but it hasn't. And has the costs to prove it."
I don't think anyone is missing the point.3G issues are ALSO a big part of the story. Of course Q MUST succeed with its' manufacturing businesses, but if you don't think Q stock price will explode if WCDMA camp capitulates and concedes IPR rights, then how do you explain RMBS performance over the last couple of days. It's certainly much more than "short covering". Royalties on every cell phone, base station, chip, and God only knows what else, certainly can't hurt..
Dave |
