Qualcomm Inc (QCOM)

[Ricardo Montalban]

I guess the 3rd quarter for Q has generally been a lot slower than the first or the 4th and it is appropriate to revise downward if that's what your charts show. My beef is that the also revise downward their projections for the year saying earnings will be off one cent. I feel like saying, "wanna bet". My view is based on 8 or alsmost 9 years of investing with this company. They love to low ball and then come in beating estimates. There was no call to say the annual projections would be off by a penny. I bet they beat that by one, two, or more cents and they know it. So they cry boo hoo and the stock goes down and then when they beat their own lowered projections everyone is so happy once again at how well management has done. Its getting to be a tired old refrain. Give it up already.