It doesn’t matter. QCOM’s earning will make NO DIFFERENCE to housing rebound.
For low-life QCOM engineers (I was one of them): They don’t make enough to buy entry level home at this price range. Stock options make no difference. You talk about $10k-20K stock options max. for them.
For mid-life QCOM engineers/managers: They are smart enough to know NOT TO buy in at this dropping market. Second, they are “move-up”pers. They can’t buy unless they can sell, which we believe, they can’t.
For high-flying QCOM geeks/directors: These are limited characters. There are only a few of them out there, so it won’t affect the massive housing in the broad way.
Always remember, not all QCOM employees are millionaires. They are not stock brokers from Morgan Stanley. Many of them are new college grads with not much savings. They make $60k to start their career. Not even enough for a 2/2 condo near the office. They are just looking at the housing bubble and hoping to buy an affordable home someday. They don’t have the MONEY to pull the trigger at this point unless the price drop way down. By the way, they are good at math too, so they know when the numbers work for them — NOT NOW. 😉
