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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Mike Buckley who wrote (5015)	8/21/1999 12:30:00 PM
From: Brian K Crawford	Read Replies (1) \| Respond to of 54805

Mike, Very nice job on the rebuttal. If I may add to it a bit, on the subject of margins: The original poster said: And QCOM's margins for the past 2 years are also very tepid: 3.9% and 3.8%. No improvement at all there. QCOM's pro forma results, which excluded infrastucture revenues and expenses and non-recurring charges were $.86 per share. Pro forma results included the following line items: Revenues........................$966 million Net Income after taxes..........$154 million Net margin after taxes..........15.9% Not too shabby! Brian

To: Mike Buckley who wrote (5015)	8/21/1999 1:42:00 PM
From: Dr. Id	Read Replies (4) \| Respond to of 54805

Mike (and Lindy and Frank and anyone else who chooses to respond!), I have read all of the posts here on the Q, and am also a subscriber to the Gorilla Game email list. I bought a couple of hundred shares of Q back in March and have more than doubled my money. I also have gotten a number of friends to buy some Q and they are very pleased. Further, I plan to add to my Q position when I can. My question is this: As I read more and more posts, I'm starting to feel that Q is a "can't miss", a "sure thing". I fear a level of what Social Psychologists call "Group Think", whereby the cohesiveness of the group leads to poor judgment and decision making (JFK's cabinet and the Bay of Pigs fiasco is often sited as a good example). More specifically, groupthink results because members of a group become so concerned over keeping a high degree of consensus and cohesiveness that they suspend their reality-testing powers and fail to exercise their ability to critically evaluate ideas. I'm not saying that that IS happening here (I'm sure I've seen it on other threads, though, where alternative opinions are attacked...and no, I'm not just referring to Paul Engle!:-)), but I am concerned as I'm not seeing the possible downside to Q. I'm also aware that there are ways of avoiding groupthink. In particular, group members should be encouraged to play "devil's advocate", others should be encouraged to bring in opinions from outside the group, there should be continual reassessment of new information, etc. Not meaning to be a wet blanket, but any thoughts about this? Jeff p.s. Sorry if this is annoying, but I can't help but think this way...I'm a psychologist! :-) p.p.s. I also think that this is the best thread on SI...just my two cents to keep it that way!

To: Mike Buckley who wrote (5015)	8/21/1999 1:49:00 PM
From: Mike Buckley	Respond to of 54805

I apologize to Stew in advance for quoting an e-mail without his permission, but each of us has been the president of each other's fan club long enough that I don't think he'll have an objection. When thinking about the rate of product adoption and the importance of it in gorilla-speak, consider this fact he sent me: "Gemstar now has its guide being built into 30,000 TVs/week in the US market. This is one set every 20 seconds. This snowball is gaining mass." 'Nuff said. --Mike Buckley P. S. Being initially in total disbelief about his computation, I checked him out. As amazing as those numbers appear, he's right about it being every 20 seconds.

To: Mike Buckley who wrote (5015)	8/21/1999 2:47:00 PM
From: Jill	Read Replies (1) \| Respond to of 54805

Great post, Mike. What is the gorilla game list-serv? Is that a mailing list about gorilla game outside of SI?

To: Mike Buckley who wrote (5015)	8/21/1999 2:57:00 PM
From: Another John	Respond to of 54805

Mike & Lindy, The most recent Quarterly Hard Copy Earnings Release which I received this week under the heading Communication Systems stated "Communication systems revenue in the third quarter of fiscal 1998 included significantly higher revenues from Globalstar gateways, terrestrial CDMA wireless infrastructure products and Qualcomm Personal Electronics (QPE) sales to Sony. Excluding these items in the year ago quarter, Revenue growth would have been 49%" This may answer the revenue growth question that was bugging me! Consider that we have a component shortage retarding revenue growth, the figure looks excellent if not spectacular. Regards, John

To: Mike Buckley who wrote (5015)	8/21/1999 3:03:00 PM
From: Percival 917	Respond to of 54805

Hi Merlin, Don't worry. I did NOT intend to post your answer back to the G. Moore email group. My sole purpose to send it to LB was to get feedback from our group, nothing more. Some of the opinions expressed over there shows that a lot of them have no real clue, and I don't intend to get into a heated discussion either.