The New Qualcomm - write what you like thread. Message Board

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To: waitwatchwander who wrote (9388)	5/1/2012 1:33:31 AM
From: Maurice Winn	1 Recommendation of 9417

15 years ago, people were moaning about Qualcomm's lack of profits. I looked at the expenses and saw a dirty great pile of R&D costs. It seemed to me that those were simply delayed in their progress to the bottom line and would arrive a few years later along with swarms of companions resulting from the R&D. But these days, the spending on innovation and all sorts of bright ideas is not so successful. A $billion here and a $billion there and we come up empty-handed all too often. If Bezos is spending the money on the right things, good for him. It's not as though there is a shortage of things which need doing and inventing. <Bezos is his resolute belief in heavy spending to sustain growth–even at costs that often squeeze margins and defy historical disciplines. > But all the money in the world can be poured down the gurgler chasing wishful thinking - like Solyndra which is now a hazardous waste bankrupt mess as well as a total failure financially. Mqurice