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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 (93309)	7/20/2010 4:18:02 PM
From: ggamer	1 Recommendation Respond to of 196568

Confused: FLO, other ventures, and investments will go on full steam ahead Smart: Today's news: Google Abandons Nexus One Smartphone...Now Google has tons of money to keep the project going. As embarrassing as it is, they shut it off! Mirosoft will pull the plug on tablet Microsoft pulls the plug on Kin - The software maker will halt work on the social-media phone Nokia is looking for a new CEO

To: slacker711 who wrote (93309)	7/20/2010 5:08:33 PM
From: Jim Mullens	4 Recommendations Read Replies (1) \| Respond to of 196568

Slacker, re: Morons / cash hoard / investment portfolio / Buffett- ” Bottom line, it seems that you are comfortable with Qualcomm acting as a mutual/hedge fund. I am not. I want the cash returned to shareholders and failing that left in extremely safe investments. I take on enough risk in my portfolio without also having to worry about some of Qualcomm's "cash" blowing up as it did so during the financial collapse.” 1) I think you’re mistakenly labeling mine & Q’s investment philosophy by seriously distorting Q’s investment portfolio analogous to a “mutual/hedge fund”. …………….10/31/08…..10/31/09 Cash………45%..............28% Bonds……..40%.............59% Stocks……..15%.............13% 2) Also seems you’re “more comfortable” with Buffett’s FY09 “blow up” of 23% than Q’s at 5%. To each his own. 3) Seems to me Keitel / Grannis & company may be “sitting in the cat birds seat” with some $1.6B in pre-tax earnings (as of 9/09) ready to be deployed to the bottom line at moment’s notice / when needed / appropriate. That’s close to enough to bump GAAP EPS by 10 cents / quarter for the next 8 quarters (2 years) / 5 cents / quarter for the next 4 years. I gather since no comment on this, you’re not overly impressed with this financial maneuver?