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

To: Jim Mullens who wrote (145260)	10/1/2006 11:00:53 PM
From: BDAZZ	Respond to of 152472

>>However, with less than 200 M current 3GSM subs out of 2 to 3 billion, we’re still only in the 1st inning of that huge developing market. << Thanks you...finally some perspective. WCDMA is simply not attractive enough a tech to cause the mass movement into 3G. Our big bucks won't come until HSDPA and its upgrades have the main stage. WCDMA sucks and always has. Rather than wasting time and money on share in the infant market QCOM is concentrating their R&D dollars into the techs that will bring the mass movement. Why not concentrate on both...you would have had to increase R&D dollars even more than present to net a good gain in a small market. I think the R&D took and is taking enough out of the gross as is. I know I've been round and round on this board with some about this, but my bet is still that this will be ultimately verified and rewarded.

To: Jim Mullens who wrote (145260)	10/2/2006 7:26:30 AM
From: 100cfm	Read Replies (2) \| Respond to of 152472

"I really think you’re mainly frustrated like most of us the stagnating share price over the past two years despite revenue and EPS growth over 70%, and misplacing the blame of price stagnation on R&D expenditures." Agree with the first part. Do not put all the blame on R&D, alot of it but not all. Options expense took a nice little bite out of us this yr too, I beleive it was 18 cents. Also frustrated with the small increase in earnings guidance inspite of the huge projected increase in UMTS sales. An additional 120M devices should by my calculations result in APROX. a 60 cent per share net income increase. Assuming another 120M devices at $250 ASP and Q getting 25% of the chipset sales. You're as good with the numbers as anyone, why is concensus only calling for a 20 cent increase and I think 20 cents is the high end of concensus. Whats gobbeling up the other 40 cents? Didn't listen to Jha's latest presentation, that would only increase the frustration factor. All these great technical things happening and the stk lost 30%! Until the BRCM & NOK BS is settled Q needs to put up big numbers. Big numbers would shift focus from the BS but since the big numbers aren't forthcoming YET, we have all attention on the BS and therefore the plunge in shareholder value inspite of the fact CDMA is going to do close to a half a billion devices next yr.