Technology StocksThe New QUALCOMM - Coming Into Buy Range

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From: hedgefund2/16/2012 3:09:57 PM
   of 8982
Our Two Champs for 2011; data_rox and kelseysuncle; just lucky?
Data-rox and kelseysuncle are the official winners of the 2011 Toaster, the former winning the year endand the latter the high low contest. Their toasters with the patented slice of toast insert are in the mail but before they place their trophies in their living room trophy chest, I thought I thought you should know more about both of these folks. So, the first question is were they just lucky. The available data suggests quite to the contrary that these folks know what they are doing.
Data-rox. Well, if it was just luck how come data_rox is a repeat winner (our only repeat winner). He also won the Year End contest in 2011. This perhaps reflects his investment style in his profile “Take the Toaster”. Looking at other years, his record belies any suggestion of luck---this guy knows something. In 2008 he finished well in the top half in the high low (off by a combined $5.15. In 2009 he was only off by $1.23 in the year end and by a combined amount of $6.08 in the high low. It goes on and on. In 2010 he was off by an achingly close $1.05 in predicting the high low. So what’s behind these impressive statistics, our own data_rox works he claims (or at least claimed back in 2000 when he joined SI) in the wireless industry. He’s not only good at “guessing” (just a joke) he is a frequent poster on all things Qualcomm, this year specifically offering some encouragement on progress in the Atheros acquisition (“moving in the right direction and putting pieces in place”); reported the Halo acquisition to the board and had some insights on the relative success of Qualcomm’s OFDMA licensing program. Finally, he has technical chops, ouch. See his post 97789. So Data_rox is kind of a triple threat whose predictions and comments well deserve your attention. In my next post I’ll address kelseysuncle, this years’ winner in the prestigious high low contest.

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From: hedgefund2/16/2012 3:13:46 PM
   of 8982
Our Two Champs for 2011 Part 2 (kelseysuncle)
KU, as he calls himself, is for our purposes much more than the uncle to Kelsey. Not only did he win the high low this year he (ouch)finished second by a hair in the year end contest, an amazing achievement. But unlike data-rox, KU is either shy or holds his cards closely because he comments relatively infrequently, 82 posts since he joined SI in October 2004. From his profile we learn absolutely nothing but we know just like data_rox he is no Qualcomm pumper finishing well in the top half of the toaster 2010 in both categories and did the same in 2009 (where his “guesses" for the high low were a combined $8 off the actual high low Q numbers for that year..) In 2008 he finished, shall we say, on the optimistic side but he was apparently just getting his sea legs in the contest. He achieved all of this without sharing his expertise with me even though I discovered in sending this year’s prize to him that we are virtually neighbors, living in the same town. Who knew? Congratulations KU

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From: DanD2/17/2012 2:51:25 PM
   of 8982
The Daily, Weekly, AND Monthly charts are all looking like breakouts to me.

The only resistance territory is waaaaaaay back in 2000.

Dan D.

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To: DanD who wrote (8105)2/17/2012 11:58:30 PM
1 Recommendation   of 8982
Strong chart since Nov. The moves have been gradual (aside from the qtr report gap) building support all along the way.

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To: hedgefund who wrote (8104)2/20/2012 1:37:19 AM
From: kelseysuncle
3 Recommendations   of 8982
Here is a photo uploaded from my new Sprint, QCOM enabled iPhone of the prize from the Toaster 2011 competition. FWIW it is difficult to take reasonable pictures of toasters and shiny plaques. The above is version 32. Thanks to HF for doing this.

best, ku

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To: kelseysuncle who wrote (8107)2/20/2012 10:11:47 AM
From: data_rox
1 Recommendation   of 8982
love it.......over the past year I've had a few people comment on the toaster sitting up in my office book case....

great job HF!

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To: kelseysuncle who wrote (8107)2/20/2012 7:40:43 PM
From: lml
2 Recommendations   of 8982
Kudos to hedge for putting together memento & ku for winning it.

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From: BDAZZ2/21/2012 12:36:23 PM
   of 8982
Why a toaster?

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To: BDAZZ who wrote (8110)2/21/2012 4:59:05 PM
From: DanD
2 Recommendations   of 8982
Because, "GSM is toast!"

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From: bigb2/22/2012 9:14:19 AM
   of 8982

Obama administration to unveil corporate tax reform plan to lower top rate to 28 percent, lose loopholes

Published February 22, 2012


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  • AP

    Feb. 16, 2012: Treasury Secretary Timothy Geithner testifies on Capitol Hill in Washington.

The Obama administration plans to unveil a long-awaited corporate tax reform plan on Wednesday, lowering the top income- tax rate for corporations to 28 percent from 35 percent while eliminating deductions.

Corporations with overseas operations would also face a minimum tax on their foreign earnings, new tax benefits would be given to incentivize U.S. manufacturers while taxes on oil and gas companies would reportedly see their taxes go up while losing many large deductions and subsidies.

The plan aims to raise $250 billion over 10 years.

"Our tax system should not give companies an incentive to locate production overseas or engage in accounting games to shift profits abroad, eroding the U.S. tax base. Introducing the principle of a minimum tax on foreign earnings would help address these problems and discourage a global race to the bottom in tax rates," reads an outline provided by a senior administration official

The outline says the manufacturing deduction -- emphasizing clean energy research and development -- would reduce the effective rate on manufacturing to no more than 25 percent.

Senior administration officials told Fox News the announcement, to be held at the Treasury Department, fills in details of the tax reform outline Obama gave during his State of the Union address.

The president said at the time he wants to lower the overall corporate tax rate "for the first time in 25 years." The U.S. corporate rate of 35 percent is one of the highest in the world.

The White House is calling for more "fairness" and "simplicity" in the system, and in a bid to move companies back to the U.S., it would seek a minimum tax on global profits. Currently, many corporations do not invest overseas profits in the United States to avoid the 35 percent tax rate.

Treasury Secretary Timothy Geithner told a House committee last week that the administration wants to create more incentives for corporations to invest in the United States. While the rate itself may be among the highest in the world. Geithner argued that the effective rate is much lower because of all the loopholes in the system.

"We want to bring down the rate, and we think we can, to a level that's closer to the average of that of our major competitors," Geithner told the House Ways and Means Committee.

During his State of the Union address, Obama pitched the tax reform as a way to "knock down barriers that stand in the way" of economic success.

He described the tax code as the product of a "parade of lobbyists" rigging the system.

"Those with accountants or lawyers to work the system can end up paying no taxes at all. But all the rest are hit with one of the highest corporate tax rates in the world. It makes no sense, and it has to change," Obama said in January. He urged Congress to "simplify" the system, get rid of loopholes and use the savings to lower the corporate rate.

The president's plan will be unveiled by Treasury Department officials, though administration officials insisted the president is behind the plan and that the Treasury Department is merely filling in the details.

Many members of both parties have said they favor overhauling the nation's individual and corporate tax systems, which they complain have rates that are too high and are riddled with too many deductions.

The corporate tax debate has also become an element of presidential politics. Republican presidential candidate Mitt Romney has called for a 25 percent rate while former House Speaker Newt Gingrich has said he would cut the corporate tax rate to 12.5 percent, and Rick Santorum, called for exempting domestic manufacturers from the corporate tax and halve the top rate for other businesses.

Fox News' Ed Henry and The Associated Press and The Wall Street Journal contributed to thi

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