Stock to drop to ~$35 ( $39 is the intrinsic value today ? ) , PJ will buy with 50% premium ~$52 which is the rough intrinsic value projected and become HERO again!
Thoughts , Qualcomm experts ?
If the above numbers are right, Qualcomm needs to do more to contain the opex. 1500 RIF wont really cut it under the current circumstances.
Smart. Q management quickly learned from 2015 laidoff - they dragged their feets to discuss the list for 3 months, announced all laidoffs in Sept for the whole year with 3 target days (Nov, Mar, May). This time they seems targeting 1500 per quarter (according to $1b or more target) and only give them 2 to 4 weeks for the impacted to stay on the job... I am going to consider my options even I am not impacted by this round.
That's going to be a reality. I am guessing, they will split into multiple companies soon ...
Sounds about right. Drive the stock down to low 30s, high 20s so it can go private. No money in 5G so let everyone leave. Live off royalties for 15 more years and then gut the rest of the company when PJ wants to retire.
Does this mean there will be another reduction in 3 months. Dont recall that being discussed anywhere ?
1500 per quarter is nearer the mark.
Agreed!