Does this sound familiar to Qualcomm shareholders: Kraft-Heinz stock collapses - down 28% - as its short-term focus & aggressive cost-cutting are destroying its business. Stock down 62% in 2 yrs since its failed hostile takeover of Unilever in Feb... — read more
Huge lay off to be announced in April
30% employees to go multimedia, QCT, GPS, modem all are being outsourced to India and will be closed in San Diego.
People dont show up to work anymore
As a stock holder in Qualcomm I demand investigations into groups with people not showing up to work on regular basis. In my group about one third of the people do not show up on any given day. I can provide specific information if anyone is actually... — read more
The roadblock in talks with the FTC
Seems that chances of this ending this anywhere else but in court are getting slimmer and slimmer by as every day goes by. Looks to me like the FTC think they have a good case and that’s why they’re not backing down. Should we be worried?... — read more
What’s the rush to present the second generation 5G chip is the 5G network rollout hasn't even begun?
This looks to me more like a demonstration of force aimed towards the competition that something that needed to be don at the moment. I mean come on, the first one wasn't even commercially deployed and how things stand a commercial application of 5G... — read more
Layoffs 2019
Got a green signal from recent QCT all hands saying there are no layoffs planned for this year so far. Seriously, how much should we trust on that ? Provided some groups are still hiring. Do we expect to see drastic cutoffs after FTC trial goes... — read more
They have plenty of money, they just don’t want to give any to the employees
They have plenty of money, they just don’t want to give any to the employees. SIX corporate jets, a TOP TEN highest paid CEO, and terminating any employee who makes over a certain threshold. Irwin must be ashamed. And they will wonder why it is so... — read more
The saddest part of getting laid off
I got laid of in August 2018. I gave the team my email and phone numbers in case they had any questions, no one has contacted me in 6 months. I guess I was obsolete after all 😟
More work for the lawyers
https://www.morningstar.com/news/DowJones/BWIPREM_20190215005529/qualcomm-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick-foti-llc-investigates-the-officers-and-directors-of-qualcomm-incorporated-qcom.html How much litigation... — read more
The Qualcomm management seem to be paralyzed
The problem is that Qualcomm management (minus mindless spending of licensing fees) doesn't really know what to do to pull out of the nose dive. They seem to be paralyzed. I guess hearing that they can't even come up with enough money for a 25 year... — read more
they have six private jets and yet they still lay off older employees right before Christmas?
Yep. The Execs are stealing shareholder funds. One jet each, look at the disclosures, SM enjoyed his $20mm compensation for his efforts AND AND had $170,000 of private jet use for his family. Yep. Wife and kids fly on the corporate jets because its... — read more
Vulnerable
Q is increasingly a target for an aggressive take over. What was $82 stock now trading near 5 yr lows; weakened by on-going litigation and financials in ever increasing state of disarray. 20% down y-y ? Suppose a marauder comes along with a $65 bid... — read more
Apple Vs Q cartoon
https://i.redd.it/px3ed9js0yg21.png
Elegant exit
https://equalocean.com/auto/20181229-wu-xinzhou-a-former-director-of-qualcomm-autonomous-driving-team-joined-xpeng-motors-as-vice-president
Did they complete the buyback of 30 b yet ?
There was some noise around progress of buyback worth xx amount at $61 per share average , do we know how much still buyback is pending ? Looks like the stock is holding at 50ish. Once BB completed, I wish good luck !!!
Are the lawsuits going to require money to a point that costs need to be cut and the workers need to be laid off?
Read in a few places that the legal teams representing Qualcomm in the lawsuits ( Apple lawsuits and the FTC charges) are burning money like a drunk billionaire. I knew that this was gonna cost the company a lot of money, but did this get out of hand... — read more
Difficult employee is out and still qualcomm has issue in moving forward
According to Q Managers, they are unable to progress because of difficult employee. Now after 5 years since they laid off difficult employee, still they have issue. Now they have nothing to blame on or are they still trying to formulate some story to... — read more
QCOM Endgame
Tim Cook is Thanos, he has gathered all of his Infinity Stones (kftc, FTC, tftc, ndrc, EU, etc.). Steve mollenkopf is the Master of the Mystic Arts, did he cast his spell in time?!?!? Will Paul Jacobs (AntMan) come back to save the day? Would the... — read more
Is it time to evaluate the business practices?
This litigation is getting out of hand and no matter of the outcome of all the processes this much lawsuit gives a good picture that a majority of the market is unhappy with the way Q does business. Maybe it’s time to reevaluate these practices on... — read more
Poaching Resources
Google is poaching Qualcomm and Intel engineers for its new chip design team https://www.theverge.com/2019/2/11/18220436/google-pixel-ai-chips-team-division-bengaluru-india-hiring
A's Black Site
How sad! Compared to this, Q's contractors are treated 30dB better. A is such a hypocritical company. https://www.bloomberg.com/news/features/2019-02-11/apple-black-site-gives-contractors-few-perks-little-security
5GLeadership
Divesting and retrenching to core mobile. Just as well we can rely on the old CDMA core monopoly with no competing modems............right ?
So much winning..........
Top flight legal team burning through the $$$ https://9to5mac.com/2019/02/12/qualcomm-antitrust-2/ Time and $$$ foolishly spent.
Qcom End game
If people havent realized yet, this is the end game that qcom management is playing. End is very near guys. In a very short time (couple of years maybe) qcom will file for bankruptcy and protection.
The Qualcomm Empire Continues To Crumble
Sold - Qualcomm Life https://www.sandiegouniontribune.com/business/technology/sd-fi-qualcomm-qualcommlife-sale-20190211-story.html
Qualcomm cases dropping like flies
What a joke of these garbage patents? https://www.patentlyapple.com/patently-apple/2019/02/qualcomms-infringement-cases-against-apple-are-dropping-like-flies.html
another big one going away from Q
https://www.theverge.com/2019/2/11/18220436/google-pixel-ai-chips-team-division-bengaluru-india-hiring
11am
Nearly 11am and time for folks (Esp SW) to start arriving at the office, ready to get coffee and read email before noon lunch.
Qualcomm boosting chip prices
Great. While we lost our most significant customer and our business practices are being questioned worldwide Q is boosting ship prices, and in times when we have the biggest competition. What do they want to do, lose more customers?... — read more
Halo and Life are Gone
Two of our highest profile bets from 6 years ago are history, sold off for sc-ap instead of bringing them to market. 2Net was all about eHealth, and Halo has the only avenue that got the QC name publicly visible in Formula E. Good to know we're... — read more
I wish it was my turn
I really want to leave Qualcomm - but I don't want to leave without severance. I feel like I'd be throwing away money. So I feel like I'm stuck in a prison of my own making. Anybody else feels like this? Anybody actually decided to leave despite high... — read more
QCOM is still for 5 years, no progress
Your problematic employee ( Pdm Mgmt Director) is out. Person was very very arrogant, according to some. Now QCOM must have been thriving. What happened? Pdm Director can change company standards and once again bring it to forefront of all players by... — read more
My last day 14th Feb
Happy that leaving after 15 years of service. It is not worth working in drowning ship. Most of the good people are already left. Who are staying in qcom either they never get job outside because of their skills and knowledge. Based on the talents I... — read more
Farewell class of Feb '19
May you find something better. Class of April, get your resumes and LinkedIns ready to roll.
Just in time.
https://www.mercurynews.com/2019/02/07/h-1b-bills-introduced-in-house-senate-to-ax-per-country-green-card-limits/amp/ Any guesses on what happens as a result?
Apple is obviously geting nervious
Seems that Apple can’t decide. First, they want Intel’s modems, then they say that Intel won’t be the sole supplier, now they want to go “in house” with the modem production. It’s obvious they have a hard time finding a replacement for Qualcomm... — read more
Apple has started work on it's own modem!!!
https://www.gsmarena.com/apple_has_started_work_on_its_own_modem-news-35432.php Apocalyse Now???
Many people with no work to do?
Please only serious responses. Many posters here joke about not having real work to do. Is it true or what?
Layoffs are Immoral
Today the layoff swindlers who argue that taking the earnings away from thousands and thousands of families is necessary always promise the same thing: After the painful but unavoidable disruption, a new revivified company will emerge, one that is... — read more