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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: trilobyte who wrote (13209)	7/24/2001 1:43:25 PM
From: A.L. Reagan	Respond to of 196625

Decoupling the royalty cow from the ASIC business would've been a major major mistake. I think DrJ realized this all along and was dangling Spinco as threat to the Nokias of this world,nothing less, nothing more. I always thought that QCOM was stronger as a whole company, and had the sense that a lot of IPR was generated from the ASIC division creating solutions for real-life carrier and handset issues. The idea that a standalone company could perpetually carry the current market cap on the basis of milking the existing IPR, doing blue-sky research, writing a little software, and keeping track of truck fleets seemed a tad far-fetched. Was also concerned about losing focus at the point of customer interface. W/r/t management changes, I always thought Sulpizio could stand a refresher at executive charm school, and with his departure perhaps the rhetoric will get toned down a notch. Schrock has struck me as a capable nuts and bolts guy who gets things done. Paul Jacobs' responsibilities now are the same as had Spinco spun. So, I don't see today's management announcements as any big deal either. At SpinCo, Sulpizio would have been in charge of external relations, law, HR, MIS, etc. (Schrock would run the operations), with no SpinCo, this is clearly a redundant position. I too look for a good conference call and forward outlook.