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

To: kech who wrote (48369)	11/3/2005 6:36:45 AM
From: 100cfm	Read Replies (2) \| Respond to of 196500

Looks like a downgrade but not sure. I was worried about GS for two reasons. Q missed on two of their upside surprises for 06. 1. GS was expecting 1-2 cents more from the Royalty agreement expirations. And we're getting less than originaly expectd. 2. They were looking for another 1-2 cents savings in sga&R&D expense and it's going up 22-27%. Q's response to this wasn't that great, there are opportunities out there. Well yes there will always be opotunities,so does that mean R&D will be an never ending black hole against earnings. I emphasize this because R&D has been growing faster than Rvenues for 2 yrs now and maybe 3. The Question is. it's great to spend on R&D but when do the revenues kick in. If R&D spending continues to outpace revenue growth I have to wonder about the worthiness of the projects they are working on.