Re: QCOM March quarter update
mInvestor
4/22/2012 11:21:12 AM
Robert,
Looks like both of us have similar feelings on these 3 companies and LTE field. It's going to be interesting to see if there is any landscape changes next couple of years.
@mInvestor: Intel keeps threatening to get bigger in mobile (it has signed agreements with Motorola Mobility and Lenovo) and NVIDIA is seeing success with Tegra 3, so you are right that they are moving fast and worth keeping an eye on. But I would not bet against Qualcomm and its LTE dominance over the near term.
Re: QCOM March quarter update
mInvestor
4/21/2012 6:59:17 PM
Robert,
Thank you for this inside analysis. No question Qualcomm is on fire and will keep it in 2012. What do you see the situation in a longer term. Will its two major competitors cause any serious competition. I agree both NVIDIA and intel are realative newcomer in this area, but they are moving fast. And it looks like they are making good progress in LTE. Would they pose any threat to Qualcomm's dominant position in the near future?
Re: QCOM March quarter update
Tenacious
4/19/2012 12:38:58 PM
Interesting Rob, more evidence of the power of Apple.
Noreen, Apple demand is surely a big reason. On the conference call, CEO Paul Jacobs said Qualcomm is "seeing very strong demand" for its MSM8960 and other 28-nanometer products. He said manufacturing yields are progressing as expected, but there's a shortage of 28nm capacity. Qualcomm can't get enough supply to meet the increasing demand it's seeing. Not a bad problem to have. Unfortunately, it's a drag on near-term revenue. Jacobs said Qualcomm is working closely with its partners to bring additional capacity online.
Rob, Is the fact that Qualcomm product supply can't keep up with demand largely because of Apple's big appetite?
Qualcomm shares are down about 4.8% just after the open on 28nm wafer supply constraints (leading to somewhat lower-than-expected revenue and higher operating expenses for the current June quarter) and declining production of 45nm chips. The company won't see increased production of 28nm chips until the September quarter, with volume production expected in the December quarter. The good news is that this issue is not related to demand for 28nm chips, which will be used in the upcoming iPhone 5.
Re: Good transition
tokyogai
4/18/2012 4:17:37 PM
It is also more predictable, which is good when you are investing.
Great point tokyogal...look for them to flourish on the money made on their chips and less attention being paid to licensing as it is not the real "cash cow" for them.
Good information, TechStockProspector. Maybe Nokia filed a lot toothless patents while the quality of LG's patent is much better. It is a headache for investors to go through these patent portfolios and make some investment sense of them.
No matter which research report you turn to, it seems that Apple doesn't have any meaningful presence on LTE patents. Considering Apple is wielding its Patent stick over all other smartphone vendors, will lacking LTE patents be the archilles heel of Apple ?
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