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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: qveauriche who wrote (116618)	4/13/2002 9:05:47 AM
From: kech	Respond to of 152472

Nice review Qveau - hopefully such a summary will generate some more focused discussion of your points in 5. Personally I am more concerned on a modification of 5 iii) amongst the group you are also concerned about: iii)GSM cartel delay in deployment of WCDMA until we are much closer to patent expiration, The delay, and/or only partial deployment of WCDMA, also explains the slower profitability that you are concerned about in 5i and ii) (i.e. slow profit growth and Q owning lower percentage of total value chain or overvaluation due to growth). The delay is a concern not so much to wait until patent expiration, (because I think the pool does not expire), but mostly because it puts off the return to Q, and allows many other alternatives to take root, whether GPRS in rural areas, wi-fi in hot spots, or any other combinatin of investments that curtail wide-scale deployment and use of W-CDMA. My explanation for 5 i and 5 ii, i.e slow growth of profits, is that Q is investing in R&D as if it was deploying CDMA2000 and W-CDMA around the world, but is only getting cash flow to support the CDMA2000 part. Even worse, the CDMA2000 part, isn't even generating that much cash flow yet to support the investments, since it is only now getting deployed i.e. 7.4 million sold. Like McDonalds!

To: qveauriche who wrote (116618)	4/13/2002 5:48:54 PM
From: sea_biscuit	Respond to of 152472

qveau: During the bubble, stock prices didn't depend on earnings. So once the connection between earnings and stock prices were removed, it hardly mattered whether the earnings were manipulated or not. It is only now, after the stocks are down 70 to 80 to 90 percent, that we started looking at earnings, to see if current prices can be justified. I haven't said much, if at all, about the plan being or track or not. As I said before, it doesn't matter one way or the other. If the plan gets off track, of course, the demise will be quicker (and like the proverbial frog thrown into boiling water, it will be a blessing in disguise). But if the plan works, then the decline will be a slower one.

To: qveauriche who wrote (116618)	4/15/2002 9:51:47 AM
From: Wyätt Gwyön	Respond to of 152472

re: GSM cabal/cartel/cooking club... you have taken the liberty of using a humorous sarcasm to suggest that these concerns are less than real that is not what i suggest at all. my remarks had more to do with the idea that if only the Wicked Witch of the West (GSM "cabal") did not pigheadedly oppose the great solutions from the Good Witch (QCOM), then the world would be such a better place. i am sure such a decision would bring world peace and a cure for cancer, but more importantly, it would make QCOM's share price rise! the reality is that the GSM members know more about their situation than we do. they have the legal right to make the decisions they think are best for their situation. their decisions do not necessarily give top priority to the portfolio concerns of those with overweight positions in QCOM. that is just reality, which is better accepted than ignored imho.

To: qveauriche who wrote (116618)	4/15/2002 10:27:23 PM
From: Rajala	Read Replies (3) \| Respond to of 152472

>press has reported these lies as gospel, and has never >scrutinized the lies... ...(ii)Europe is way ahead of the >US in wireless, Well well well. Is Europe really "way ahead of the US in wireless", or not? Let's scrutinize this for a moment. Like analytically (this is obviously a novel way of looking at things). Back in -95 in Katowice, Poland, somebody please check the english spelling of the town, you could enter a strip joint, have a Bison vodka (or two), have a keen look around if anyone sports a tattoo, and download the e-mails from your boss and that girl of easy virtue you met in the department store in Gdansk two days before (this has never happened to me, obviously, but I heard some other guy talking about it). In those good old days it was continent wide seamless roaming wireless data _everywhere_. Everywhere in Europe that is. And look mummy no hands! We are not even starting to talk about packet data yet. (Cut to current situation): Look at the Stateside today. Can you picture these Wood's American Gothic style farmers around Boise, Idaho? Well its already like, let me check my watch, er... yes, 2002, and can you really get a) a subscription with any carrier AND b) get a continent wide data to your laptop by connecting a cable from your phone to your laptop? (Hint: you can get a) Is this not the most miserable performance from a Number One High Tech Concentration on the Planet since Limp Bizkit? - rajala