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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (61555)	4/3/2005 7:48:17 PM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

<<Scroll down Jay>> ... why, do you mean the market is saying CDMA/QCOM is not worth less than before, and all indications are not pointing to even more worth-less-ness? No, of course you do not mean that. <<... to the second graph. THAT is the market which matters and defines what will happen in 2010>> I rarely wager on events so many moons ahead, because I automatically distrust all forecasts, especially my own, and so those of others as well, in particular the conventional, linear, micro, and the supposed known-knowns. <<amazing world of CDMA>> ... amazing? hardly. Neat, as a gadget, sure. Substantially different than iPod? arguable. Money making, perhaps. Extraordinary profit? I doubt it. <<It costs QUALCOMM nothing for a subscriber device maker to sell another gadget, but they collect an average 5% royalty [give or take a little]. It costs QUALCOMM not much to produce another ASIC to sell to a device maker>> Is that substantively your economic case for QCOM? If so, than QCOM isn't worth much, because a lot can happen on the road to financial nirvana ... like a buy out on the cheap by someone opportunistic, during the coming fire storm of galaxy-specific repricing, and then ... well, trash the company because the parent company with businesses in other areas and sectors, messes up. Just for example. QCOM, allocation recommendation, 0-0.01% of asset, or short. Chugs, Jay