1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

Wedgewood Partners Comments on Qualcomm

August 31, 2012 | About:

Qualcomm (QCOM) also detracted from performance during the quarter, particularly after the company disclosed that one of its suppliers of silicon wafers, specifically at the 28 nanometer process node, was struggling to keep up with demand and would serve to limit revenue growth for the fiscal year ending September 2012. Qualcomm mentioned that it has committed additional expenses towards supply procurement and expects the supply shortage to ease by the December quarter. With one of the largest net cash balances in Corporate America and ample free cash flow generation, the company has enough resource to aggressively address this problem. We added to the Qualcomm position during the quarter, as the stock was trading at the lower-end of its historical valuation range.

From Tony Guerrerio's second quarter letter.


Rating: 3.3/5 (8 votes)

Comments

Please leave your comment:


GuruFocus has detected 4 Warning Signs with Qualcomm Inc $QCOM.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by


User Generated Screeners


Open Mind LearningSME UNDER 2BN
pbarker46Begin here 3
DANGORDONRETURN ON EQ 5-28-17
tuhindevValuation
tlimScreen 2 (FCF Filter)
tlimScreen 1 (NI Filter)
rossgivensTweedy Brown
DANGORDONEPITDA 5Y GROW 5-30-17
ntelumPAUL SALES 30
ntelumPAUL
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK