I am a serious long time investor (19+ years), I have been tracking this board for a while. Aside from some nasty comments (some posters need serious psychological/clinical help) it has been an enlightening experience - thank you for that, this board is great, folks are engaged and intelligent. I am sorry that you have to go through layoffs but please keep in mind that we both have the same objective - MAKE MONEY. I'd like to make money, you like your pay check and your grants/options - there is nothing bad in that. If our interests can meet, we'd both be happy. However, if you guys are making money and I am not, than it's not fair. So, you guys get a little bit less, I get a little bit more and then we are even. That's how it works. What drives me nuts is that the monkeys who are running your company are taking home $100M of my money that you guys have created, I see very limited value there and I'd like to see if some of them can be taken off payroll too. That's my perspective on the issue.
15 replies (most recent on top)
Hit the nail on the head with the monkey comment...QC went down hill the minute good Ole George what's his name took over the helm when Bill left!!!
Anonymous120084: if you really a pure investor you should not have any issues in disclosing your identity,we can probably help each other more outside of this public news board..what you think?
Anonymous12008: You might want liquidate y9 QCOM stock holdings and realize your gain/loss. QCOM is no longer a growth company and have significant risk potential which can drive down it to bankruptcy few years down the line,,,
I guess it makes sense to be ruthless and emotionless investors, like JANA. Chopping up and selling off parts of QC are what will maximize shareholder value. We can give to charity and go to church for redemption. Why did we save GM, which is consisted of bunch of overpaid, unionized labor? Sometimes you need to look at greater good. Losing all your industries to overseas will come back to bite you. It makes sense to run, when you are attacked, because you are a survivor.
Anonymous120144: you are most likely a very bad investor riding on emotions.,mixing charity with biz interest....grow up!
This is the best thread in few days!
Thanks Anonymous120084!!!
Is this an attempt to justify the massive layoffs? Investor can make a buck because engineers create value. As soon as the engineers are over the hill in creativity, they are tossed out in the name of shareholder value. Do you toss the senior citizens out as soon as they no long contributing?
I think long term investors take their profit at this price point.Their are other better investment opportunities. to deploy capital....this company turned in to big inefficient typical corporate gorilla in last 3 years and you should not make decision on past performance .There may be some decent return if things turned around but it seems too risky to keep capital invested at this time in QCOM and take profit/loss to preserve capital and enter again later depends on how things goes...However if management can pull out profitable section of the company separate from it's money hogging chip division ( with > 72% opex) there may be decent pop in QCOM stock but I am skeptical about medium/long term financial prospects of this company, this seem to be company who monetized recent mobile wave but lacking vision an will to grow further..=
@Anonymous120107 - I see many warning signs, coming from all sides. I see management with limited vision and exposed. I see a maturing industry with diminishing profit margings, yet I do see enormous cash flow and healthy dividends. It's hard to say how things will develop on a macro and strategic level, there are multiple directions that are plausible here and are outside of your control (China, Europe, Apple, etc.). Without discussing my own position on the current upheaval, I am 60% certain that JANA will win the fight completely, 80% certain that they will have a partial win - in each case, 2015 and 2016 will be marked by restructuring and organizational shuffling. From the stock price perspective, I wish if I'd be able to tell you how things will develop, my gut feeling is that things will get worse before things improve, I am betting on that (somewhat educated gut feeling) right now. Good luck to all and remember, most of you are engineers and you create value - there is an enormous demand for your skills regardless of your background, age or gender - keep up the good work and you will be fine. Good luck!
Not necessarily, Wall Street loves layoffs at companies with flat or stagnant revenues/profits. Wall Street likes hiring as well as it indicates growth, hiring has to be correlated with growth - both of which are non existent at our company - we would not be where we are w/out Wall Street, like it or not - they bankrolled us in 1985 and were fueling our growth through the 1990s... It was only when the music stopped (growth) that they got antsy and started pushing for cuts and changes. In a way, if we were to survive, we'd kind of have to do what they demand - generate profits.
How do you see from outside the current state of the company?
Wall Street loves layoffs.
JANA wants your money and my money - we are both screwed
Only if the monkeys agree to take $1M compensation and not $100M. As an investor, why don't you get a petition to fire the monkeys and get some good brains to run the company.