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

To: Art Bechhoefer who wrote (102739)	6/8/2011 6:52:57 PM
From: BDAZZ	4 Recommendations Respond to of 197299

So all this time we've been arguing about a difference of 5% projected earnings is the difference between Qcom disappointing you or not? Sounds pretty spoiled, Art. We dont even know what the real earnings will be yet. Count your blessings Qcom is not a Nokia or a Rimm.

To: Art Bechhoefer who wrote (102739)	6/8/2011 10:54:51 PM
From: engineer	2 Recommendations Read Replies (1) \| Respond to of 197299

Art, Stick to the real argument. buying back shares may raise the EPS, but it does NOTHING to raise the Gross revenue. Switching hte subject to get out of hte point just is disingenuous. You may raise the share price by 15% if you buy back shares because you have better EPS, bu that does not raise revenue. MSFT is NOT in the smartphone and tablet business? So do you expect a 15% revenue growth from intel? TI? NOKIA? Google? the list goes on. but I digress....

To: Art Bechhoefer who wrote (102739)	6/10/2011 12:05:25 PM
From: Jim Mullens	Respond to of 197299

Art, re: QCOM LG growth potential- continued Earnings growth of 20% or more, year over year for the next five years would be acceptable and reminiscent of Intel back in the 1990s. This should be possible because Qualcomm has the most comprehensive set of patents that appear to be essential for wireless communications during the next five years. Incidentally, FWIW, if Qualcomm used its excess cash to buy back shares, it would approach 20% earnings increases, and would exceed the 20% rate if it chose to further reduce its cash by taking on some debt. >>>>>>>>>>> Reminiscing ….. 1990’s the good old days…… Then / Them (INTC / WINTEL) >>>> + INTC (MSFT) had a lock on the booming PC industry (WINTEL) with their business model (business practices ---monopoly ?? – fair / unfair??) + Macro economic conditions were great plus the Internet boom, Y2K, market bubble, etc, etc. Today / reality + Far different global macro economic conditions including equity metrics (PEs / PEGs, etc). + Unlike WINTEL, QCOMs business model was vigorously / unrelentingly attacked in the U.S. and globally by the largest, most powerful / rich industry incumbents, their lobbyists, their “friends” in the media, and their “friends” in governments (Europe / Korea / Japan/ India, elsewhere). …. Basically, a singlecompany with world changing / beneficial technology with a fair & reasonable business model (more than fair by mQ / most of us)…..at “war with the world”. ………………..( Perhaps with the WINTEL experience, world opinion was against a similar repeat with QCOM?) ….What to do… ……+ Keep fighting the good fight against insurmountable odds (money / distorted world opinion, etc) ……….+ mounting worldwide legal expenses???? ……….+ sustaining 2G (non- QCOM bearing $) while delaying 3G advances / deployments??? …………….(perhaps even long enough to bypass 3G and move to 4G w/ less QCOM essential patents and lower royalty rates) …..+ Settle with NOK (and others- Samsung, etc) at a lower than prevailing royalty rate ………….While very, very disappointing to us (lowering our potential returns significantly ...20% >> 15%??) So here we be, Not quite as good as it could have been, but life’s not always fair. Being realistic, - …..+ I don’t think a 15% long term growth rate (w/ an increasing 1%+ annual dividend) is in any sense “small potatoes” …..+ Sure, thru my “rosey colored glassed” I expected / hoped for more. …..+ Hopefully / maybe we’ll see your 20% CAGR …. That’s still a possibility with new Mirasol / Atheros markets and Q’s remarkable team relentlessly driving execution in core markets ………+ 3GSM / WCDMA chipset share gains, ………+ Snapdragon gains in- ………….+ Smartphones ………….+ tablets ………….+ Notebooks / PCs with QCOM / ARM processors cracking the WINTEL code. p.s. WRT share buybacks with “excess” cash……. Remember the big chunk off-shore subject to a big tax hit.