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Technology Stocks : The New Qualcomm - a S&P500 company
QCOM 137.49-2.2%Apr 12 3:59 PM EDT

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To: Maurice Winn who wrote (13579)6/17/2012 11:03:53 AM
From: Harvey Rosenkrantz   of 13582
 
I looked up my referenced post and the antecedent post. There was an interesting dichotomy in 2002. One of the posts was an article saying that internet use via cell phone was the cat's meow, the other post was complaining that Nokia had a terrible system for using the internet. In retrospect, both were correct, but the final outcome did not become evident until Apple made the breakthroughs that propelled the industry forward.

The devil is in the details and sometimes it is difficult to think outside the box. In addition, it takes time for technology to catch up to concept.

The Q is fortunate in that it does not market directly to the public, but enables the engineers at the device companies to execute these wonderful advances. Sometimes we are critical of the company for going off in strange directions outside of their core competence when these adventures crash and burn, but I think it is part of the creative process which is sometimes very expensive, but is fruitful when it contains useful lessons which can be later applied later or in other areas. The scientific world is constantly reinventing and refining processes and ideas and often goes back to previously neglected concepts (e.g. Heddy Lamar and friends).
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