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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 (93318)	7/20/2010 5:45:46 PM
From: Jim Mullens	Read Replies (1) \| Respond to of 196568

Slacker, re: Morons / cash hoard / investment portfolio / Buffett- ” Not a fan of financial games. Grow the underlying business and return excess cash to shareholders. ” 1) BK & company “playing” by the rules,--- which don't permit unrealized gains to be booked thru the P&L until underlying assets are sold (vs requiring unrealized losses to be immediately booked thru the P&L). 2) Returning “excess” cash to shareholders via special dividends was also one of my suggestions in email to IR preceding this year’s ASM. Perhaps its fortunate Q did not follow that practice during the recent market melt-down. I and I imagine many others would have simply invested that cash in the market and lost close to 50% rather that Q’s 5% loss (and subsequent $1.6B gain).

To: slacker711 who wrote (93318)	7/20/2010 5:48:47 PM
From: Maurice Winn	4 Recommendations Read Replies (2) \| Respond to of 196568

It would be quite fun to buy Nokia. Then show Apple how to make really good Anita [tm] cyberphones. <grow the underlying business and return excess cash to shareholders. > The iPhone is a pathetic joke compared with how it should be done. Hmmm, only $33 bn market capitalisation for Nokia at present. With Nokia's cash and Qualcomm's cash, it would be just about a done deal. Yes, there would be some whining about anti-trust but Apple is allowed to have all their own equipment and fully integrated proprietary systems, so it would be unfair for Qualcomm to not be allowed to compete. But it's better to just let Nokia go by the wayside with their low royalty rate and leave the swarm of device licensees to battle it out, paying real royalties. Perhaps Huawei or somebody in the device business would find Nokia a good fit. A huge opportunity is Globalstar, which is battling away to get a half-baked constellation off the ground and a couple of devices to provide connectivity while hoping to swindle their way into Ancillary Terrestrial Component operations without a Globalstar component in the phones. The spectrum should be used for the right purpose which is to enable high quality communications everywhere outside terrestrial coverage. It's fair enough to leave Globalstar to manage the spectrum since they were allocated it, but focusing on the ground is short-sighted. Globalstar and Qualcomm should do a joint venture and make it big and do it quickly, and cheaply. Qualcomm failed in the negotiations for developing the devices and ground stations for the new constellation, but they could make another offer. It's not a good sign that Qualcomm was unable to compete, having already been in the business. Mqurice