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

To: slacker711 who wrote (84175)	4/3/2009 10:48:26 AM
From: DanD	3 Recommendations Read Replies (1) \| Respond to of 197307

Of course, I am picking nits, but the whole idea that these ventures have not lent anything to Q's value is bogus too. I am willing to bet a piece of Q's patent portfolio were discovered in pursuit of these ventures, even if these ventures you cite are, to date, themselves economic failures. 10 years ago were phones part of Apple's core? Was the internet search something Microsoft should have been more concerned with? Was IBM more of a hardware company than a services company? The business world is a mine field and there is no clear path to success. I get tired of spread sheet types that only see the future through the past. And last time I checked, Mirasol is not a wireless technology; but you seem pretty big on it. I use Firethorn, but I have no idea how big that market could get. And everyone around here seems pretty excited by the netbook market. Personally, I see netbook processors waaaaaaaaay out of Q's core, but I won't cry if their are 20-30 million snapdragon netbooks sold in the next few years. Q's business is wireless. To say there is an easily definable core competency is truly nitpicking. And short sited to boot. Q has the problem all highly successful companies have (and by success I mean huge amounts of free cash flow.) So far they have: 1) Payed dividends. 2) Bought back stock. 3) Invested in R&D. (Including ventures.) 4) Invested in markets. So far all of those have had mixed results (except dividends). But I don't argue for eliminating any of them. Because at some point in the future, I am confident a diversified approach is necessary to continue growing this company. Dan D.