Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.81

-4.1%

Nov 17 3:59 PM EST

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To: Clarksterh who wrote (25117)	3/25/1999 9:33:00 PM
From: Art Bechhoefer	Read Replies (2) of 152472

I think one of the attributes of a well managed company is that it tries to do only what it can do best. Infrastructure is a capital intensive business that sometimes takes years for a payback. Look at all the trouble even getting payments for stuff sent to Russia and Ukraine. QUALCOMM did a wise thing to let Ericsson deal with those problems. Meanwhile Q can continue to work on its chips that make infrastructure equipment work better. I just think this is a smart move on Q's part, leading to better cash flow, less need for outside financing, new shares, diluted earnings, etc. In the best interests of shareholders, unlike what you find at many, many other companies. I also heard on public television nightly business report that Q is selling the infrastructure operation for around $1 billion. Sounded like a cash deal. Where does the money go? Reduce debt, or have financing available for Globalstar, LEAP Wireless, etc., if those companies should need it.

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