Showing posts with label Qualcomm. Show all posts
Showing posts with label Qualcomm. Show all posts

Wednesday, January 23, 2008

Qualcomm Conference Call

I was impressed with Qualcomm's Q4 results announced today. As expected, most of the questions on the earnings call related to Qualcomm's ongoing legal struggles with Broadcom and Nokia. It is important to keep in mind that Qualcomm will have work-arounds for the Broadcom injunction by the end of the quarter and that the Nokia revenue has already been removed from the reported GAAP revenue. While I don't think these legal struggles will be over anytime soon, I do think that Qualcomm is a great company and that the overwhelming focus on the legal issues is temporarily depressing the stock price.

Conference Call Comic Relief: At the end of the call CEO Paul Jacobs (who was calling in from Davos) said somewhat sarcastically that he was glad to hear "so many questions based solely on the business instead of on the legal troubles." I'm sure that one got more than a few chuckles.

Disclosure: Long shares of Qualcomm at time of writing.

Posted by The La Jolla Guy at 2:24 PM 0 comments

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