Sorry for the new thread:
"And Intel had $19 billion in cash and short-term investments at the end of September. Qualcomm had $15 billion. So your comment there isn't even correct. Intel is a cash generating machine."
No idea where this 15 Billion number comes from, but according to the "FY 2013 4th Quarter Earnings Release" document on QCOM's website:
"Our cash, cash equivalents and marketable securities totaled $29.4 billion at the end of fiscal 2013"
How about intel's 13 plus BILLION in long term debt? And now QCOM has a larger market cap. I will pass on this pig, intel's best days appear to be over! I know, I know...intel wasted another 20 BILLIION in stock buybacks and look where they are now, no thanks. No wonder why Paul split.
"No idea where this 15 Billion number comes from, but according to the "FY 2013 4th Quarter Earnings Release" document on QCOM's website: Our cash, cash equivalents and marketable securities totaled $29.4 billion at the end of fiscal 2013"
[Qualcomm has included $14.4 billion in long-term investments in their number. Long term investments are definitely NOT cash equivalents and this is why they are captioned "LONG-TERM". So, no - Qualcomm's cash and cash equivalents are not impressive in comparison to Intel - they are slightly less. And even if they were your argument would still not hold water.]
For what it is worth, and probably not much:
Qualcomm's Q313 Balance Sheet shows $14.966 billion in Cash and Short Term Marketable Securities amongst Current Assets and separately $14.440 billion in long term Marketable Securities, totaling $29.932 billion.
Intel Q313 Balance Sheet shows $19.146 in Cash, Marketable Securities and Trading Assets included in Current Assets. It also shows $8.087 billion in long term Marketable Securities and other Long Term Investment, totaling $27.243 billion.
What's your take on a very angry Chinese government investigation of QCOM with a view to anti-trust?
I have friends in China who say that "QCOM is finished here." Seems QCOM stepped on some Chinese company's toes.