To: veritas501 who wrote (78) | 12/2/2009 5:19:35 PM | From: veritas501 | | | CDMA will conquer China, and India, and ...
Yet CDMA is going downhill right in Qualcomm's own backyard.
CDMA subscribers in the Caribbean and Latin America:
6/05: 49 million 6/06: 70 million 6/07: 70 million 6/08: 56 million 6/09: 41 million
CDMA subscribers are declining at the rate of 20% per year in the Caribbean and Latin America.
What about Europe? As of 6/09, 4.3 million subscribers.
Yup, CDMA will take over the world. JUST YOU WATCH! |
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From: veritas501 | 1/29/2010 3:12:47 PM | | | | Eventually Qualcomm will settle at around $10/share, in my opinion. As usual, the losers are the people who bought the hype from hypesters like JeffreyHF and other touts. |
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From: veritas501 | 2/5/2010 8:26:32 PM | | | | Sometimes you have to wonder if Qualcomm supporters had a life before CDMA. |
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From: veritas501 | 2/10/2010 6:13:26 PM | | | | The people who should be really worried are not the stockholders. The people who should be really worried are CDMA operators. Verizon Wireless alone invests $5 to $6 billion every year in their network. If CDMA subscribers start declining, CDMA operators will be in BIG trouble.
For the sake of a balanced discussion, I include the pro-Qualcomm response:
Nah, nah, nah, nah. Qualcomm owns CDMA patents so it will take over the world. It doesn't matter if CDMA subscribers start to fall; it doesn't matter if the stock price goes towards zero; it doesn't matter Nortel and Lucent don't exist anymore. Qualcomm invented CDMA so it's great no matter what happens. Nah, nah. |
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To: veritas501 who wrote (82) | 4/11/2010 2:44:28 AM | From: veritas501 | | | 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 | | | | 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
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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 | | | | 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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