[quote=sreeb][quote=Hobie]For me the stock market is not a good measure for good legislation. After all the insurance companies got everything they wanted and are riding the wave. Soon, this tide will turn and they will be in trouble.
Here is a stock market example: Jack in the Box has grown 20% YTD while Qualcomm, is down about -10%. Doesn’t make sense. Burgers outpaces technology??[/quote]
It makes sense. The high tech business can be exported and must compete globally. The burger business can’t and doesn’t.[/quote]
Moderate hijack:
Actually, one of the speculations on why QC is getting hit is because their once bread and butter baseband chips (for which they use to be able to command hefty margins without competition) are now getting squeezed…Significantly…It use to be QC had the clear edge on be the best broadband chip and could command huge margins (take it or leave it)..Not so anymore….The asian manufacturers are putting the squeeze, even though other “competitors” don’t have a competing product, some of them I’m guessing is just saying “well, that thing costs a lot less, and it’s “good enough””. Hence, why I suspect QC’s margins on their flagship products are slipping.
BTW: You are pretty soon going to have a bunch of pissed of QC folks. For one, QC has a very nice health plan for most employees. Their plan is PPO, no payroll deductions from employees, and the coverage is generous…On top of that, if you happen to be above a certain level, there is a second “executive” health plan. I won’t go into details about that, but generally available to enginerds/directors+ above a certain level… Guess QC isn’t going to be eating this cost either so I would assume that will vaporize very soon. Expect a very large healthcare chargeoff very soon from QC and or an announcement saying they are cutting benefits…Significantly….
