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

To: Maurice Winn who wrote (59673)	2/2/2007 5:17:11 PM
From: Rich Bloem	Read Replies (3) \| Respond to of 197253

Maurice, how many times do I need to correct this statement. But no, the handset division was hopeless and ditched [Paul was running it]. Infrastructure couldn't hack it. Qualcomm never had the intent, the desire nor the expertise to go into the handset or infrastructure business. They were forced into in in order to seed the market with hardware. The original plan was never to produce more than 250,000 phones per year. The disposal of these divisions were a work of art and the stock was rewarded accordingly. At the same time, Qualcomm got out of the business of competing with their customers. How do I know? I was there.

To: Maurice Winn who wrote (59673)	2/2/2007 5:27:05 PM
From: Peter Sherman	Read Replies (2) \| Respond to of 197253

Mq...Just got my Globalstar 1700 today. Returning the 1600 brick/howitzer for a 200 buck rebate. Works well. Marketing and service much improved.

To: Maurice Winn who wrote (59673)	2/2/2007 5:39:35 PM
From: Q8tfreebe	Read Replies (1) \| Respond to of 197253

"QCOM should now be at $1 trillion market cap. But no, the handset division was hopeless and ditched [Paul was running it]. Infrastructure couldn't hack it. Eudora could have been Google. Many opportunities gone." Maurice - with all due respect, handsets were rapidly becoming a commodity and in any case, the handset division created a conflict of interest vis a vis QCOM's more profitable chip division (i.e. handset vendors did no want to buy chips from a competitor...QCT). So the decision to get out of the handset business was a very good move. The infrastructure business was even more brutal due to the need to also provide vendor finance, which subjects vendors to not just the risk that their gear will work, but also FX risk, market risk, political risk, regulatory risk, etc.. All in an environment where margins were rapidly decreasing to the high single digits. Too much risk for too little margin. Its an ugly business. I say the best thing QCOM ever did was get out of the infrastructure and handset business and focus on thier core compitencies of Chips and royalties.