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

To: qorilla_watcher who wrote (62733)	4/17/2007 10:21:01 AM
From: slacker711	Read Replies (1) \| Respond to of 197036

When NOK announced it was no longer in the CDMA market QCOM's stock tanked to under 40 due to the perception of lowered CDMA expectations. This is my recollection anyway and just reinforcing what Slacker just posted I think more of the June downdraft can be attributed to the Reliance rumblings than the Nokia news. No doubt that legal problems played a roll in last summer's decline as well, but if the WCMDA market hits 120 million units last year and Reliance had remained happy in the CDMA camp, there is very little chance that we see the 30's. This thread has been concentrated on the legal happenings, which obviously deserve consideration, but we cant ignore the effects of the changing fundamentals either. I'm looking forward to the earnings announcement. I know there will be a ton of questions on Nokia, but I think Q's strong fundamentals should get some attention. The dramatically stronger than expected MSM shipments and the fact that Japan and Korea both had very good March quarter handset shipments bodes well for guidance. Slacker