Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mike Torrence who wrote (125960)	12/11/2002 10:07:27 AM
From: Michael Allard	Read Replies (2) \| Respond to of 152472

I'm sure it is based on the fact that QCOM has raised their guidance twice in the past 6 weeks. Clearly management does not have a grasp of their business if they have to modify guidance so often. Further management indecision on what to do with the significant cash flow generated by operations (some 1.2 Billion generated between July 02 and December 02, or $1.70/share in 6 months). With such high cash flow expected in CY 2003 on top of the 3.8 Billion they will end CY2002 with, they can't seem to decide wether to pay dividends or buy back shares. Who in their right mind would want to invest in a company who can't stop raising forecasts or even figure out what to do with all the cash they generate? Especially during these difficult economic times. I applaud the downgrade - it is about time some analyst protects us investors from such ill intended companies! Next thing you know more stock options will be in the money and think of the dilution then! Sell - Sell - Sell!!!!