Qualcomm - Titanic of the wireless industry?

To: veritas501 who wrote (82)	4/11/2010 2:44:28 AM
From: veritas501	of 116

The CDG came out with the subscriber data for 2009. Drum roll please: still no billionth CDMA subscriber. Of course, Latin America declined AGAIN for the 3rd year running, from a max of 72 million in 2006 to 36 million at end of 2009. And this with 3G and EV-DO. But who cares, right? As long as the poor saps in the stock market keep buying overvalued QCOM stock, all is well in the world. Europe was up by 1.8 million subs for the year, the same number GSM adds in about, what, 5 minutes? Haha -- at least the CDG is honest. It put Middle East sub growth at 990,000. Kind of like buying a lie detector for $9.99.

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From: veritas501	4/22/2010 3:35:39 AM
	of 116

Every individual has to decide for themselves whether an investment in Qualcomm makes sense for them. I will simply say that Qualcomm has become a low-risk, low-growth stock. Since PJ has shown no signs of backing away from his investment strategy, they either need for him to be fired or for one of these ancillary markets to start generating significant revenues. I think both of those events are rather far away....so the last option is that WCDMA starts growing faster than Q anticipates. I keep thinking that will happen and keep getting disappointed. Slacker ------------------------------------------- I'm glad to see Slacker has come around. It was inevitable, in my opinion. However, I do disagree with the assessment QCOM is a "low-risk" stock. When a company that has been advertising itself as the greatest thing since Silly-Putty or the Yo-Yo isn't able to deliver as promised, it's anything but "low-risk." It will take a while for the boobs in the stock market to figure it out, but eventually they will.

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From: veritas501	4/23/2010 7:08:03 AM
	of 116

What company should people look to for an indication of QCOM's future? Ericsson, of course, since it is one of the largest CDMA infrastructure companies in the world. No doubt Ericsson is working hard to wind down its CDMA business without being too obvious about it. What does Ericsson say? "Revenue dropped 9 percent to 45.1 billion kronor missing the 48.1 billion-kronor average estimate of 35 analysts....Profit in the networks business fell by half and sales declined in 8 of 10 regions, with the biggest drops in Africa and India. North American revenues doubled with the integration of assets from Nortel and accounted for more than a fifth of Ericsson’s business in the period." Remember Nortel? I knew people would. preview.bloomberg.com

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To: veritas501 who wrote (89)	4/26/2010 3:01:37 AM
From: veritas501	of 116

Richard Nixon told the Director of the FBI Patrick Gray in front of his senior aide John Ehrlichman, "I gotta have a relationship here where you go out and do something and deny on a stack of Bibles.” -------------------------- The most incriminating tape was that of June 23, 1972, soon after the break-in. When Nixon was told that the money for the break-in group came from the CRP, he proposed that those who had donated it should simply lie. He agreed that it was best to call off the FBI by telling it that the break-in was a “CIA thing.” Nixon’s advice was: “Play it tough. That’s the way they play it and that’s the way we are going to play it.” More than anything else, this “smoking-gun” tape, according to Nixon himself, induced him to resign. At one point, Nixon said to Patrick Gray: “I gotta have a relationship here where you go out and do something and deny on a stack of Bibles.” nybooks.com

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