QUALCOMM Inc. (QCOM)

All Comments on QCOM

  • commenter
    Larry
    Bellehumeur
    Jul 29 04:01 PM
    Five Great Companies to Buy at a Drop [view article]
    LT / Experienced....while Wikipedia is not the most "professional&quo... source for information, please note what it lists for Carrier Adoption of LTE, as it echos what I have heard from the US Carriers:

    en.wikipedia.org/wiki/...

    Carrier Adoption:
    Most carriers supporting GSM or HSPA networks can be expected to upgrade their networks to LTE at some stage. However several networks that don't use these standards are also upgrading to LTE.

    Alltel, Verizon, the newly formed China Telecom/Unicom and Japan's KDDI have announced they have chosen LTE as their 4G network technology. This is significant, because these are CDMA carriers and are switching networking technologies to match what will likely be the 4G standard worldwide. [16] They have chosen to take the natural GSM evolution path as opposed to the 3GPP2 CDMA evolution path UMB.

    Verizon Wireless plans to begin LTE trials in 2008, choosing the standard over the natural evolution path for the CDMA2000 family, Ultra Mobile Broadband (UMB).[17]

    AT&T Mobility has stated that they intend on upgrading to LTE as their 4G technology, but will introduce HSUPA and HSPA+ as bridge standards. [18]

    T-Mobile, Vodafone, France Télécom, Telia Sonera and Telecom Italia Mobile have also announced or talked publicly about their commitment to LTE

    Bell Canada plans to start LTE deployment in 2009-2010
    ==================

    One would think with these types of comments publicly by the major carriers in the world, investors might be a bit more spooked...

    Reply
  • commenter
    Larry
    Bellehumeur
    Jul 29 03:53 PM
    Five Great Companies to Buy at a Drop [view article]
    LT -- I don't dispute what Experienced is saying, from a Technology standpoint. That is a path that the carriers can go. From my discussions, many are looking at LTE, however.

    However, many still will go to W-CDMA, and Qualcomm will not be going away anytime soon. The point of the article was questioning its evaluation in the face of competition, and market uncertainty. At a lower multiple, Qualcomm is a fabulous company.

    Cheers and thanks for reading!     Reply
  • commenter
    User 118015
    Jul 29 02:15 PM
    Changes in Market Cap for Biggest U.S. Companies [view article]
    As long as I'm raving about GE in my last comment, I failed to mention that GE is also a leader in nuclear energy with many new systems and future ones coming on line going forward. As I understand it the newer nuclear power generating stations are very efficiant, safe and green. Reply
  • commenter
    LT Investor
    Jul 29 02:02 PM
    Five Great Companies to Buy at a Drop [view article]
    What I know agrees with experienced's comments - the 3G version of GSM is WCDMA. In that case, there should be more adoption of CDMA in the next two years, not more GSM adoption. The author's statement that CDMA carriers are thinking of switching to GSM doesn't make sense to me - Why wouldn't they switch to WCDMA (a 3G tech) instead? As I understand it, GSM is 2G. However I don't work in the industry, so please correct if my info is incorrect. Reply
  • commenter
    User 118015
    Jul 29 01:50 PM
    Changes in Market Cap for Biggest U.S. Companies [view article]
    What would you expect in a recessionary invironment with energy/commodity prices surging and and housing/financials going down the tubes. I think the group responses would be just what you would expect. Of course there are some discontinuities. As we pull out of this (if we ever do) companies like GE will be in a position to profit greatly from their green energy assets such as windmill and
    green electrical power components. GE's alliance with Saudi Arabia will provide the capital for expansion in these green areas.     Reply
  • commenter
    Tom B
    Jul 29 01:28 PM
    Changes in Market Cap for Biggest U.S. Companies [view article]
    Oh, cool: Apple's about 12 months away from passing MSFT! Reply
  • commenter
    Larry
    Bellehumeur
    Jul 29 11:53 AM
    Five Great Companies to Buy at a Drop [view article]
    Many thanks for reading. One of these days, I'm actually going to write an article that people like....=)

    PaulMars -- In terms of CL, it isn't a bad buy, if you are assuming that normal market conditions are present (by normal, I mean that we are entering into a normal downturn). There are a lot of ifs in their short-term potential growth (by that, I mean rising potential costs), and I don't believe that those are accounted for in their evaluation. I'm not saying that it should fall by 40%, but a 10-15% drop would put it more inline with expectations. They do have a great growth path internationally, and are ever expanding their market share (points that I don't disagree with you on). I just believe that you can find similar growth patterns for a lower price....

    Experienced -- I wouldn't be so quick to dismiss LTE. You sound like you are in the Wireless space, so i am sure that you are aware that Verizon has formally announced their plans for LTE. I suspect that others will follow (I am a Sales Director for a company that sells to all major North American carriers, and I know that all of them have begun testing). As for WiMax, it may have some play in the Rural areas, but I don't suspect that it will ever be a large challenger.

    My point wasn't that the company was going to roll over and die. Their business model is a strong one....my point was that I believe that there were serious challenges to its technology and this wasn't being factored into the stock price.

    Your view points are well taken, though. I would still give it a superior Multiple to the general S&P at 18x or so times current earnings (even in a down market).

    Again, thanks for taking the time to read, and to comment!     Reply
  • commenter
    experienced
    Jul 29 11:32 AM
    Five Great Companies to Buy at a Drop [view article]
    I don't know where Mr. Bellehumeur got his information on Qualcomm, but his views do not comport with the facts: 1. CDMA technology, including CDMA2000, WCDMA, and related variants is the state of the art for high speed data communications. WiMAX and LTE are still in the development stage, with WiMAX capable of being deployed mainly in fixed wireless applications, rather than as a full mobile system. 2. Qualcomm, following its agreement with Nokia, now has a patent portfolio serving 3G and prospective 4G systems, giving Qualcomm a strong intellectual property position for at least the next 5 to 10 years. And because WCDMA is now the logical upgrade for GSM, as subscribers switch to WCDMA, the growth rate in chip sales and royalty payments for Qualcomm will exceed the overall growth in worldwide demand for wireless. Finally, in addition to the inherent growth in demand for high speed wireless, Qualcomm has a new display screen for cell phones that uses less power, and a large investment in video for cell phones that could generate substantial revenues in the coming years. Compared to other growth opportunities, what's not to like about Qualcomm? Reply
  • commenter
    paulmars
    Jul 29 10:34 AM
    My Website
    Five Great Companies to Buy at a Drop [view article]
    Haven't they already corrected?
    And, in CL's case, they have minimal impact from commodity inflation(see today's excellent quarterly report). If you do your homework property you'll see that CL's p/e rises during hard times, as money managers et al seek safe haven and recession-immune stocks like this are in great demand. Add to that the fact that CL is one of the best of the global growth plays around, having already established over more than a couple of decades a 40% worldwide market share(vs. just planning to do so, like many global wannabes).
    And, their products are healthful(unlike Coke) and emerging citizens around the globe can easily afford upgrading to their oral health care brand, as the "per use" price is miniscule(a couple of bottles of Coke cost more than a tube of toothpaste).

    Colgate is THE recession play that investors should be going into now, at currently depressed prices (stock was $82 last autumn). Going to $100 within 2 years ($4.50 x22 p/e).     Reply
  • commenter
    captainjohan
    n
    Jul 26 10:32 PM
    My Website
    Bangalore Blasts Threaten Indian Outsourcing [view article]
    Even if thousands are killed, life moves on in India with 1 billion to spare. But if one POLITICIAN IS killed the things come to action.Of course these bomb blasts happened next to the place i purchased the vegetables on that day.Also i purchased tickets at forum mall for Monday morning show(cheaper by half) and i am not worried about bomb but about whether they will cancel the shows!!!You see i want to see the new girl Genelia!!
    The terrorists have targetted BJP ruled states like Rajasthan(jaipur),Karn... and Gujerat(ahmedabad). May be they are indirectly implying something.But it is only going to consolidate Hindu votes for BJP as we have one of the worst Home minister at the Centre who just functions like a bureaucrat without any imagination.     Reply
  • commenter
    notsosmart
    Jul 26 09:28 PM
    My Website
    Bangalore Blasts Threaten Indian Outsourcing [view article]
    just how many people killed will it take to wipe the smile off the neuroses free indian people? Reply
  • commenter
    algoa456
    Jul 26 04:05 PM
    Bangalore Blasts Threaten Indian Outsourcing [view article]
    I am not an Indian, but travel to Bangalore regularly. I work in the software sector. IT is certainly not the lifeblood of India, but is does have increasing importance as an important export.

    Given the scale of India I doubt very much that the recent bombings will have any effect on the Indian IT industry. Of course for a few days they'll be all over 'The Times of India' and The Hindu' newspapers, but then the events will fade into the background.

    The fear will be more acute in Sillicon (sillycon) Valley where everyone fears everything: the water, the air, the food, the pesticides, global warming, the US government, traffic accidents, obesity, salt, sugar, and, of course, bombs.

    In India people just smile and go on with their lives free of such neuroses. The many thousands of programmers and business process outsource workers will cheerfully arrive for work the next day whatever happens. The Indian managers will reassure Western companies it will be business as usual. And they'll be right.     Reply
  • commenter
    notsosmart
    Jul 26 02:46 PM
    My Website
    Bangalore Blasts Threaten Indian Outsourcing [view article]
    everybody has an agenda.its nothing-only one person killed. bad bombers.what a sad ridiculous world. Reply
  • commenter
    Topforeignst
    ocks
    Jul 26 11:54 AM
    My Website
    Bangalore Blasts Threaten Indian Outsourcing [view article]
    Like other posters say,IT is NOT the lifeblood of India. Agriculture is.
     Reply
  • commenter
    locke
    Jul 25 06:16 PM
    Bangalore Blasts Threaten Indian Outsourcing [view article]
    Nine bombs and only two people killed? These guys are the worst terrorists ever. Epic fail. Reply
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