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

To: Mr. Sunshine who wrote (102297)	5/26/2011 11:21:45 PM
From: waitwatchwander	3 Recommendations Respond to of 197293

R&D Expenditures verse future Revenue Growth should be linked. The data came from Qualcomm quarterly reports. Revenue growth was smoothed over 4 quarters to remove seasonality. Ideally, with Qualcomm one should expect revenue growth 5 years hence to be related to current R&D expenditures. As this article details, it would also be ideal to separate R&D expenditure and revenue growth by product category. However, that kind of data is just not available outside any company. allbusiness.com You are right to note that a lot is going into this analysis. It's always hard to separate kumquat mays from pomagranites. MediaFLO, UMB, XIAM, Firethorn, Brew and QChat likely feed into a part of the picture depicted. Delays in chipset launches, declining margins, royalty reductions and collection delays are also likely revenue wrinkles. However, within the big picture of a growth company, it is hard to see value in an R&D investment stream if it doesn't feed into a growing future stream of revenue.