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

To: David E. Taylor who wrote (80930)	10/12/2008 1:17:13 PM
From: engineer	Respond to of 197271

and if he likes NOK, then he should also like Q, as the supply for NOK will most likey be Q chipsets..

To: David E. Taylor who wrote (80930)	10/12/2008 1:36:51 PM
From: Jim Mullens	5 Recommendations Read Replies (2) \| Respond to of 197271

HF / David / Sag- Re: Barrons Fred Hickey Hit piece- Agreed , David, WRT – :First Hickey likes companies with "high cash flows, clean balance sheets and hefty gross margins", all of which apply to QCOM. Second he likes companies like NOK, MSFT, EMC, ADBE, ORCL whose sales he thinks will hold up well in a recession.” On QCOM- Hickey says >>> “He's also down on Qualcomm (QCOM), whose customers are suppliers to the big wireless outfits, which, heavily laden with inventories, reportedly are asking for a slowdown in shipments. He suspects the company's guidance on operating results are at risk. An institutional favorite, Qualcomm shares could be ripe to become a target for a spate of aggressive selling.” To Sag’s post- Hickey appears to be contradicting himself in a least two respects. + Saying NOK, the dominant wireless handset name will “hold up well in a recession”, yet QCOM the dominant silicon supplier in wireless won’t. One would think “what good for the goose is good for the gander” ??? + How could he overlook QCOM’s clean balance sheet, high cash flows, and especially its “hefty gross margins” simply defies logic!! QCOM NOK MSFT S&P500 + gross mgn –ttm 68.2 35.1 80.8 44.5 + oper mgn- ttm 31.4 13.5 36.7 18.3 + net mgn- ttm 33.7 10.4 29.3 12.1 One has to wonder of Hickey’s motivation for dissing QCOM while at the same time praising NOK --- for in doing so Hickey reveals his “analytical skills / judgment” suspect to say the least, and places his reputation as a serious investment guru at high risk. Wonder if serious money (his / his friends) is on the line???

To: David E. Taylor who wrote (80930)	10/12/2008 2:12:20 PM
From: quartersawyer	1 Recommendation Read Replies (2) \| Respond to of 197271

I can't see what basis he has for the notion that QCOM's "guidance on operating results are at risk". QCOM has fairly recently affirmed that Q4 guidance is unchanged He's simply claiming to have special access to information, aka starting a rumor, if he's lying, aka business as usual: big wireless outfits, which, heavily laden with inventories, reportedly are asking for a slowdown in shipments

To: David E. Taylor who wrote (80930)	10/13/2008 3:30:55 PM
From: JGoren	1 Recommendation Read Replies (1) \| Respond to of 197271

Qcom is the number one stock in hedge fund portfolios. Goldman Sachs issued a report last week. Qcom reported in top ten holdings of hedgefunds the most. GS theory is that one should invest in stocks that are low in hedge fund portfolios. I think we have been seeing the effect of hedge fund liquidations in the wild swings downward, esp. Friday, when it seemed to me that the redemptions were getting so bad that they had to sell qcom despite wanting to keep it. Maybe the guy from Barrons was merely pontificating that if guidance were to decline for qcom, the hedge funds (who are so heavily invested in qcom) would react by dumping more qcom rather than holding despite the other factors for holding the stock out of fear--given their situations.