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

To: golfinvestor who wrote (145190)	9/30/2006 8:00:01 AM
From: limtex	Read Replies (1) \| Respond to of 152472

GI- I think that market does get Qcom. Thats the point. They get it and have apparently had enough of it at sky high P/Es over 20. Seems to me that the market wants to get Q used to being at a P/E which fits it in the range from 15 to as high as 20. Actually for a company with Q's current baggage thats not a bad P/E. Q is going to have to do something to stimulate the markets appetite which it has apparenlty failed to do since May. I also think that the market has had a bellyful of tech and clearly investors are looking to overseas markets where you not only get the growth that we don't seem to have in the US but you also get the currency gain as the $ continues to decline. Returns from markets like India have been spectacular over the last year and there are just beggining. So my guess is that fund mangers look at the Q with all the problems and FUD from the gang that is attacking it and they say "Great Company but who needs the grief and the quaterly nail biter on fright night always hoping for some good news but lately not seeming to get it". Not a problem I guess unless you were expecting Q to ever recover to over $40 again. In addition why should any institution buy the stock before earnings night (aka to people interested in the Q as fright night)? Why bother to take that level of risk. So my guess the stock stays more or less at this level but some time before fright night it moves down to the $32 level and then if the news is not spectacular it can take a dive down to the upper $20s. If it can project $2 per share in 07 the a P/E of 15 - 20 will give a price of about $30 to $40 which as I say isn't bad I guess. If on the other hand there is the slightest imperfection in the report or even the sniff of a guide down of guidance or of inventory build ups or any of the other snags that analysts can hang a downgrade on then it's all bets off. Also I just can't quite make my mind up about the decsion of the Judge to tell IJ and the head of BRCM to sit down and do a deal together. I always thought that if you went to law and you were right you won and the judge didn't tell you to make a deal he would say you have won and the other side must pay up and face the consequences. I don't understand anything less than that if you are the winner. If you get less it seems to me you have not won and if you have't won you have effectively lost, isn't that right? Now also I just don't get a good feel when one exec says we have offered our opponent the best deal ever and a day or so later another exec or the lawyer says we have only offered what we offered in the beginging. This sounds to me like someone is spinning or worse still in denial. Best, L Best, L

To: golfinvestor who wrote (145190)	10/1/2006 3:53:29 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

Part of the fun of success is challenge, difficulty, pain, suffering, fear, "Per Angusta Ad Augustus". [Auckland Grammar School motto, where I believe they still teach latin, which I suppose means through anguish to the august heights of humanity, occupied at one time by Augustus himself]. If something is too easy, like catching a helicopter to the top of Mount Everest, then it's no big deal and the achievement seems hollow. Limtex is enjoying a lot of pain and suffering and when QCOM finally succeeds [even more than it already has, which has been phenomenal and one of history's great achievements], he will feel great happiness. Great Britain during the Blitz was not demoralized. It was strengthened. War veterans had the time of their lives [those not dead or too maimed] and their wives had to tell them not to go on about the war for decade after decade. Working dawn to dusk in the clerical department in some government office is no doubt a very suffocating feeling by comparison. Mqurice