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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (1429)9/12/1999 12:06:00 PM
From: gdichaz  Read Replies (1) | Respond to of 13582
 
Marginmike: Will you sell your stock if management does not sell the handset division now?

Again your opinion is of great interest, but Dr J will act as he sees the best interest of the Q.

I, for one, will respect his judgement. His performance and that of the other managers in bringing the Q from nothing to world leadership does indicate some judgement and management skill.

He has indicated the the next major area for the Q is more robust wireless data. Eliminating the possibility of participation in that explosive area directly is. as I suggested, at a minimum shortsighted but perhaps could be called more clearly - stupid. Don't think that in any way describes Dr J or the other Q managers. Chaz



To: marginmike who wrote (1429)9/12/1999 12:07:00 PM
From: Clarksterh  Read Replies (1) | Respond to of 13582
 
Mike - Thats almost 35% of Q's market cap that provides only 15% of earnings. They could make $600 million in tresury's a year thats more then they will make this year after rightoffs.

I would suggest that you are missing the point. Accounting systems have always had a tough time accounting for IPR, and synergies. You are assuming that money is the only thing coming from the handset division. It is not.

This does not mean I would be against selling it, only that we don't have all of the information since it is impossible to encapsulate in financial statements. Correspondingly I would suggest that if Qualcomm wants to sell the handset division they really need to justify it by looking at the information and people flow back and forth between the handset division and, for instance, the ASIC division.

Clark



To: marginmike who wrote (1429)9/12/1999 12:51:00 PM
From: SKIP PAUL  Read Replies (1) | Respond to of 13582
 
For 12 billion id sell it. Thats almost 35% of Q's market cap that provides only
15% of earnings.They could make $600 million in tresury's a year thats more then
they will make this year after rightoffs.

That goes to show why QCOM is still undervalued. $600 million is peanuts compared to what the division could be making in 3 or 4 years at a CAGR of 50% and 10% profit margin.


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