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

To: waitwatchwander who wrote (102254)	5/26/2011 9:26:28 AM
From: DanD	4 Recommendations Respond to of 197283

Much of that revenue growth came from lower ASP chip and phone prices. So while chip sales went up dramatically, revenues didn't. Due to a double whammy of lower chip prices and royalties. Lower world GDP contributed to that spiral. Let's call those the DARK AGES. That trend was reversed by the iPhone and then by the "smartphone" in general. The quality of product has risen dramatically since 2007, and is causing a revolution in the space. And that revolution is influencing world economics. In 2005 the $20 3G phone was the hot topic. Now the $600 phone and tablets, faster cores, lower power consumption, network comparability, functionality (apps) and the impact those products have on peoples lives are the hot topic. Third worlders who wanted $20 smartphones back then, today will posses in a $150 smartphone more computing power, connectivity and immediate access to information than they have ever had access to, in any form, in their entire history. And they are buying them. I honestly consider my smartphone more valuable than my entire life's education. At any moment, anywhere I am, I can call up any fact I need. Connect with anyone I need to, via phone, email, txt, twitter, Facebook, etc... And using a simple app find the best deal on any good or service, wherever I may be. And don't get me started on the Arab Spring... Information is power. Especially economic power. The market for smartphones is 400 million this year. Some say 1 Billion by 2015-16. That means billions more empowered people in the world with information that is more valuable than a Harvard education. I remain impressed that Qualcomm management foresaw this market, and created Snapdragon to profit from it. I am more positive now on Qualcomm's prospects than I have been since 1999. The RENAISSANCE has just begun. Dan D. Update: I don't mean to imply I went to Harvard. I went to William & Mary... ipso facto, cogit ergo sum, ad astra per astra, e pluribus unum, n-yuk n-yuk n-yuk: that's why the smartphone is better than a Harvard edu... :)