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

To: matherandlowell who wrote (93254)	7/19/2010 2:55:02 PM
From: slacker711	2 Recommendations Respond to of 196564

I hope that my writings bear a respectful tone because I am not under the delusion that I know even a fraction of the amount you know about the stock, its management, and its history. So it takes a lot of nerve for me to quibble with your argument. That said.... Forget that! Tell me I'm an idiot and why :-). Seriously, I want everybody to come in and challenge established opinions whether they are new to Qualcomm or are going on two decades of stock ownership. The key is to back up any of your opinions with logic and facts....as you have consistently done. It's ok to disagree, that's what makes a market. I'll try and address the substance of your post a bit later. Slacker

To: matherandlowell who wrote (93254)	7/20/2010 1:46:47 PM
From: slacker711	9 Recommendations Read Replies (2) \| Respond to of 196564

is that the company will do best long term if the company invests some of its earnings into expanding the entire wireless ecosystem. Yes, that is their argument. It is a wonderful position to take since it removes any responsibility of ever having to show an actual return on those investments. That being said, I have never complained about BREW. It was a sensible extension of their core business at a small cost and some upside. The upside never materialized but I do believe that it was a catalyst in Verizon's choice of EV-DO over waiting for EV-DV. I have also supported extending QCT into new markets like WiFi and Bluetooth (though these havent been successful to date). Unfortunately, the characteristics of BREW/WiFi dont apply to Qualcomm's many, many attempts to become an operator. The list of failures is INSANELY long. How much do you hear about CDMA in Brazil? Russia? Mexico? Those are all places where Qualcomm poured quite a bit of money and have nothing to show for it. They even invested into Korea and that didnt prevent WCDMA from eventually gaining traction. I'll ask the question again. Has management shown any hints that they have learned the lessons from these failures? As for cash management, if anybody at Qualcomm had a real ability to beat the market, they would be working at a hedge fund making 2 and 20. Why would you make millions at Q when you can make hundreds of millions working on Wall Street? I see it as a company with one purpose: make money. And you have to admit, even subtracting their flops, overall they have done remarkably well. Yes, but the foundations for the vast majority of the successes was laid long ago. If you look back on PJ's ascension to the throne, the new management team talked quite a bit about extending the business. Mirasol and Snapdragon outside of handsets are still possibilities....but otherwise they have absolutely nothing to show for their efforts. Slacker