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

To: JeffreyHF who wrote (91132)	4/24/2010 12:24:44 PM
From: TuxedoMask	5 Recommendations Read Replies (1) \| Respond to of 197227

QCOM as such become a cash cow company milking its patent royalty. That's why QCOM always trade at a premium P/E compare to its peer. Unfortunately, going forward the pricing pressure and lower royalty rate will make QCOM a mediocre company as an investment vehicle similar to Msft and Intc.... When I learned that TXN pay nothing to QCOM for its CDMA patent, I know QCOM will be in trouble as we moved beyond 3G. The writing is on the wall when BRCM is able to "literally" steal QCOM patents with its free cross licensing agreement. Mediatek doesn't pay any royalty to QCOM either. telecomsmarketresearch.com . Mediatek is the menace that will wreck QCOM similar to AMD to Intc. When I first bought QCOM in March 1999, after watching it w/o paying much attention for 2 years, the thesis is that QCOM which own 3G would make serious money whenever it happen. It's a potential 10 baggers stock. QCOM at that point was only traded for 6-8 billion if my memory serves me right. It could potentially become a 100 billion $ company when 3G happen. The time line for 3G is about 2003 according to Dr I.Jacob. I said that it's a once in a lifetime opportunity. This is the only stock I recommend to any body who were willing to listen. It's a ground floor to the next Intc. As I learned more about Dr I.Jacob, I became more convinced so I sold my CSCO holding which had served me well and moved my fund into QCOM. Leaving CSCO while it's still going up wasn't easy. I understand when a poster said dumping QCOM is like quitting smoke. Yes, it's that hard but you know it's good for you.. Of course I have to dump the majority of my holding after the 1999-2000 spike and paid a huge amount of tax. The greatest amount of money transfer from private enterprise to the gov't... Oh yeah...Clinton balanced the budget..and running a surplus NOT... QCOM with Dr I.Jacob is a great horse with a great jockey. Apple is the same, probably better with S.Job at the helm. Unfortunately S.Job is also the biggest risk in owning Apple. QCOM as of now is like a kid with too much money and don't know where to spend. Here is an article why Apple is still treating Apple TV as a hobby. techcrunch.com Apple has 40+ billion in the bank, still refuse to pay dividend or even buy back its stock. People beg it to do something with Apple TV but the $$$ is not there. So it's a hobby... Apple introduced the cube..a big flop but it learned it lesson and moved on.. QCOM on the other hand is spending shareholder $$ like venture capitalist but never learned its lesson. QCOM was burned with Globalstar and yet went out and did it again with FLO..QCOM continue to pump $$$ into FLO because it still have a lot of $$$ coming in from the CDMA royalty...If FLO is a start up, it would've been burned up like Globablstar by now. The only saving grace with FLO is probably its value in the spectrum.. People are wondering where is smartbook??? QCOM should have created it and push as hard as possible instead of relying on third party. The day of horizontal model, relying and waiting for your partner to push your product is over. Microsoft couldn't do it with its Win mobile after ten years. QCOM will have the same problem as well. The day that one of QCOM's so call partner announced that smartbook will be in the back burner should be a big red flag to QCOM. So...What's QCOM going to do about it if the smartbook bandwagon is falling apart? CDMA failed to moved forward because nobody is willing to push for QCOM's monopoly. QCOM doesn't have the infrastructure or handset businesses to push it, so CDMA end up the END. Is the lesson learned yet? Look at how quick Google transforms from not building a phone to pushing Nexus one.... Google and Apple was buddy buddy only a year ago...Now they are fighting tooth and nail. Is QCOM agile enough to move with the market? Hardware is a commodity. The value of the machine is what it can give to the customer which is software. You need both hard and soft to make people stick. Oracle, being a software company bought Sun because it start to have problem competing with IBM/HP's combo of hard/soft/service. Microsoft is doing the same with XBOX/Zune/Pink phone. Samsung is trying to do BADA..ha.ha more like it. Intel,a microprocessor guy, is doing Maemo?? or is that Nemo.... QCOM better push hard with its BREW, otherwise it's history.. QCOM should make it free for developer to build BREW in order to build mind share and that should have been done from the beginning. Iphone has only one model fighting against an army of phone with better spec yet it collect $600 buck compare to 300+ for HTC...Think about that...... Another post file for my kids...