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

To: Jon Koplik who wrote (49151)	12/10/2005 12:34:14 AM
From: carranza2	Read Replies (1) \| Respond to of 197427

Your points are very incisive. The only problem is the time necessary for the pendulum you describe to swing back. In Q's case, it looks like it will swing against us as 3G goes into high gear. This will hopefully dampen its effect. I'm keeping my fingers crossed, but I'm disappointed more in myself for not having properly anticipated this point, which is so damned obvious when I look through the rear view mirror. Live and learn. I suppose it would have been asking too much for Q's management to have accepted the inevitability of GAAP 123 earlier on rather than have had it shoved down its throat. The share price could have been hacked at a year or two ago, while we accumulated on the cheap in anticipation of the 3G growth. After Enron and all the other BS, it was obvious that the more conservative approaches to accounting and governance would rule, regardless of reason or logic. This is why I think GAAP will rule. Another pendulum, in a way, this time a conservative one.