Qualcomm Inc (QCOM)

[IceRich]

CNBC finally notices –
During the headlines, with Sue Herrera, just after 5:30PM EST,
“Cell phone maker Qualcomm declares a 5 cent dividend, its first quarterly dividend, and announces a 2-year stock buyback program worth nearly $2B.” [sorry, that is it]

Cell phone maker? Since when? (well, since Kyocera bought that division a few years ago). That another “growth company” is following the MSFT lead to say, we’re making money, lots of it, and are going to pay a dividend. I think CNBC either:
1. Missed a big story about the new economy – or –
2. It is only MSFT and QCOM that are making it out of the new economy.

PS – On Ricardo’s (RM) query on the 450Mhz issue regarding France – there is much more here than is apparent. This is the Tetris system replacement. Tetris is “sort of” the European equivalent to the North America Nextel IDEN corporate intercom system. Besides normal corporate comms, this includes all the local civil defense related comms systems. This is not a minor system. And, also likely to expand into a Nordic Mobile Telephone (NMT) replacement. While the data rate will never be as high at this freq, it is adequate for remote areas and civil defence – and it works in remote areas unlike so many others (see my postings from 3 years ago). And to repeat, this is not a minor market. CDMA fans can afford to wait while this one resolves itself. The only problem is if the EU jumps in with standards that don’t work, giving a several year delay at the cost of lives.

PPS – is there an ignore feature here on IH? I didn’t ignore Chucky at RB, but he is finally getting annoying. I don’t mind intelligent dissent. But this is blathering.