Many of the posters here have it wrong focusing on small things like company jets. Big picture is that Qualcomm is now being looted by the Jacobs family and Jana Partners (Barry Rosenstein). In fiscal year ending 9/30/14 $4.5 billion went to purchase common stock and $2.6 billion went for dividends to shareholders. That is $7.1 billion cash gone so that the share price could go higher! That is up from $2.8 billion in FY '12 and $6.6 billion in FY '13. QCom has passed from being an engineers company reinvesting for the future to being a company looted by the big investors. Cash flow is going to dividends and share buybacks, not in hiring people for the next big thing. Qcom is not the middle class jobs creator it once was. The handoff from the founder to others was fumbled. Qcom will be a shadow of its former self. It will eventually become just a royalty collecting admin company run for the benefit of a few greedy wealthy elites. Jobs are being shipped out to make the elites even more money. How more cars and vacation homes and airplanes and fancy jewelry for the wives do these people need? This is why the Bolsheviks found an audience in 1917.
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This is business in America; I'm not saying it's right; the movie "Wall Street" explains exactly what happens at Q.
Is the patent wall a barbarous relic?
So Qualcomm is being looted by... the owners (i.e.: shareholders) of Qualcomm? Is there something wrong with that?
I'm personally glad, since I quit a year ago, I still have a bunch of stock at least getting dividends off of it. If you guys would all get back to work and stop posting on this site it'd really HELP MAKE ME $$$!!! GET BACK TO WORK SLAVES!!!!!!!!!!!!!
OP soooo qcom didnt reinvest 50 % of profits back into r&d? Is that too little in your opinion?
The only BS is your spittle flecked pie hole sucking on the organ of big business. "Oh, capitalism is great, so ahead and kill the middle class, we love you investors who do nothing; we'll starve for you in the name of greed!"
You're a pathetic worm.
What BS logic as much as I feel for the employees affected by the layoff, the majority share voting right in the company is still with Jacobs family, Jana Partners et al..They are free to exit any business as long as they are willing to accept the consequences. Last I checked we are still in a capitalist and not a socialist country.
Easy come, easy go. People have been predicting this forever. Phony company built by the us patent system that setup Taiwan to undermine us chip manufacturing. Jacobs getting out before the crash. How many other companies highly valued by stock casino brokers are just as hollow?
The jets aren't the only problem, but they are a symptom of a much larger problem. What Q management does with the jets is important because it's symbolic.