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: slacker711 who wrote (142706)	6/9/2006 6:57:30 PM
From: estatemakr	Read Replies (1) \| Respond to of 152472

For what it's worth (probably not much ;-P ) But as far as visibility in the semi industry, I would think that Intel would have a pretty good handle on things, and they are going absolutely NUTS with capex improvements right now. My company will do about $30 million of specialty construction work for them this year at their Portland, Phoenix, Albuquerque, Lehi and Colorado Springs facilities. We've enjoyed the boom times with them in the late 90's and the slow times of 3-4 years ago. They have a greenfield fab underway in Phoenix, massive expansions in Albequerque, in order to rapidly increase and squeeze every possible bit of production capacity that they can get down there, and they are doing the same in Portland and Colorado Springs, and going crazy in Lehi to bring the mothballed Micron plant online, and they will announce another greenfield fab project to start up in the western U.S. in early '07. They are seriously acting like it's 1999 all over again, so I hope they know something that the market doesn't. Their stock chart is ugly with a capital U!! What a week! :-( I need a beer (or two)

To: slacker711 who wrote (142706)	6/12/2006 5:45:52 PM
From: slacker711	Read Replies (3) \| Respond to of 152472

Just a random pessimistic thought that occurred to me on an ugly day....since Nokia's license expires in April, will Qualcomm's '07 guidance have to assume that the contract isnt extended? It would only be one quarter because of the lag, but because of Nokia's large WCDMA share, it will probably be worth more than 5 cents a share. On a slightly related note, I think Qualcomm might be approaching the valuation lows that they saw back in '02. I'm not sure that they ever had a forward PE below 20 back then. Of course, it is a different market now and Qualcomm is a more mature company, but OTOH nothing in this market/economy is nearly as ugly as it was back then. Slacker