I imagine a lot of you are familiar with what was said at the conference call regarding the financial results for the fiscal year 2019, but this article points out the main messages that were given by the company officials and sums them up into 3 main points. A good read.
https://www.fool.com/investing/2019/02/02/3-things-qualcomm-wants-you-to-know.aspx
The 4th thing they want you to know: the door to the roof of WT is now locked. Don't even try it.
Keeping it simple, the stock should at $38 based on the CC. Some one is cleaning up before it happens !!
Funny how the analysts on the call are all into product mix and buried in the detail of China or Apple or ratios of high end to low tier blah blah.
BIG PICTURE, SM has overseen a decline in earnings of 20 Sh--TY PERCENT.
THATS HUUUUUUUGE. We've known cellphones is a maturing, peaked market. WHERE ARE ALL THE NEW PRODUCTs ?????????????? What are they doing about it ???? NOTHING. Their millions keep rolling in.......they will ride this all the way to the bottom.
@-cqj says it well. There is that hyped up AR/XR stuff. Another repurposed 'snapdragon' looking for a purpose.
That losing CEO of yours is gonna need some more compensation. He only got $20million in 2018 for his globally astonishing efforts.
@-sxh
Put your beat up $82 stock on ebay. Sells fast !!!
What a dead corporate shell Q is becoming..........sad sad sad.
For sale: my shares of Qualcomm stock at the materially under valued price of just $82 per share. For come first served. No shoes or shirt required. No refunds. However, past performance is probably indicative of future performance.
Message I got was "20% decline, excuse, excuse, excuse"
I read that and I see "phones phone phones". All about the phones.
Problem #1 is the utter failure to diversify beyond phone phone phone phones.
Datacenter dead. Servers scuppered. Automotive ailing. IoT in the wilderness.
Oh, but there is the new health segment. No doubt the geniuses will blow that one too while enriching themselves.