CNBC reported an eps of 99 cents in the last quarter. So how so a failure? What is alarming is the news that these Jana clowns join the board with 3.
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Respected analyst Jim Cramer who has been a cheerleader for Qualcomm and whose charitable trust has bought lots of Quakcomm stock today said, "They don't have a good product" For the first time he is quite bearish on Qualcomm and rightly so. Irwin, Steve Altman, Harvey White and the other visionaries who used to run Qualcomm resisted the pressure to myopically look ahead just to achieving results for the next quarter. SM is no Irwin Jacobs! MS is no Dan Sullivan! When a company forgets that its employees are its most valuable resource it is doomed to fail. It is very troubling and highly unusual that Qualcomm announced more than 4,000 layoffs and more than a $1 Billion reduction in their operating budget and instead of going up the stock tanked at 61.78,
They have 1 real business - licensing.
They have 14 parasitic businesses that bleed money and spawn shit-tier products and people.
They have no reason to be anything but a mid-level company that should have no aspirations of having a 'marketing' group or UIX or crappy consumer targeted ambitions.
This reminds of how much of a failure Google is when trying to create Social Media and 'Fun' products. Keep the f***ing scientists in the basement where they belong.
Who says they failed? What are you using as a basis?
Take a look at the balance sheet and seen all the billions they made? Quit making shittt up dumba$$ MF.