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

To: matherandlowell who wrote (195007)	7/31/2025 2:50:41 PM
From: BDAZZ	2 Recommendations Recommended By Dr. John matherandlowell Respond to of 196781

Paranoid here too. I noticed that the crash actually started a few minutes before close. It dropped straight down before any info was released. Then the report and guidance were good so no sell algorithm was triggered.

To: matherandlowell who wrote (195007)	7/31/2025 2:51:07 PM
From: Art Bechhoefer	4 Recommendations Recommended By imc101 Lance Bredvold lml matherandlowell Read Replies (3) \| Respond to of 196781

J. -- Seems like more than a few analysts believe that Qualcomm guidance still includes a declining portion of modems for Apple. In fact, Qualcomm guidance for the current fiscal year ending Sept. 30 has zero dollars for sales to Apple (but still includes estimated royalty payments). For the coming fiscal year, Qualcomm will also value chip (i.e., modem) sales to Apple at zero. A large number of analysts, however, still believe loss of modem sales to Apple hasn't been accounted for in guidance or other future estimates. They're simply wrong, and it's having an impact on the price of QCOM. Another apparent misconception is that Qualcomm is basically nothing more than a provider of chips and technology for wireless phones, rather than a company in several markets that are growing faster than smartphones. I think CA is doing a good job of emphasizing the growing non-smartphone markets, but it hasn't registered yet among the institutional investors who as a group influence the stock price more than any others. The other major factor affecting today's price of QCOM is tied to the impact of tariffs and slower growth throughout the world, owing in part to the threat of new tariffs. The core inflation rate released today went up to 2.6% from 2% previously, justifying the decision of the Federal Reserve to maintain short term interest rates at their present level, rather than cut them as some in the administration might prefer. But there is an answer to this view as well. Even though the Fed is not cutting interest rates, the combination of tariffs and tax cuts already in place assures that the public debt will increase by as much as $4 trillion in the next few years. This is tantamount to deficit financing (spending more than you receive in tax or tariff revenues) and has a similar, short term effect on the economy. You don't need to cut interest rates if you are already spending more than you receive from tax and tariff revenues. In my view, deficit financing will help drive up stock prices, at least in the short run. If true, then the current price of QCOM will probably be short lived. The consensus of many analysts calls for a one-year target price somewhere near $180, plus or minus $15, and that $180 is consistent with my own estimate that I've held for more than six months. If, on the other hand, high tariffs and resulting inflation cut economic growth and hit working families hardest, then a lot of legislators who favor this approach may lose their job. Oh, and lastly, the expected increase in public debt will reach the highest level as a percentage of gross domestic product since the end of World War II. And the "experts" are okay with that? Art

To: matherandlowell who wrote (195007)	7/31/2025 2:55:38 PM
From: waitwatchwander	6 Recommendations Recommended By Dr. John Lance Bredvold matherandlowell PNUT QCOM_HYPE_TRAIN and 1 more member Respond to of 196781

It's not growth in revenues that matters to Qualcomm investors but growth in EPS. That's why ARM has a great PE and Qualcomm doesn't. When Qualcomm came out with action on their diversification efforts they told us EPS was plus $10 and the business was growing at 10% - 15% per year. EPS over the last few years has remain flat, at best. Much like during PJ's disworsification efforts, revenue growth isn't making it to the bottom line. That's what needs fixing. The sad part is they spent much of the last few years cleaning house and moving expenses to lower waged areas. How much more of that can be done? Mgt of Qualcomm has never been an easy task. They play in everybody's sandbox and there is always a new someone to make live miserable. Isn't this the nature of being a pioneer? Building new ranches does have it's challenges especially when they're on the territory of others.