Despite recent acquisitions and continuing buy recommendations, QCOM goes down...down...down. What QCOM needs to do in view of what it is facing is to articulate a rational business plan without further delay. Otherwise, no stopping new multi-year lows IMHO.
Seems to me that the direction China is taking, no business will be able to stay alive, across the board. Yet many still believe that we are on friendly terms with China.
These earnings may or may not be a disaster, but QCOM's estimate of 2015 remainder will be a disaster, IMHO causing the stock price to tank. Really disappointed at managements failure to manage!
I would love for you to ask T. Rowe Price and get an answer as they have a very hefty position in ZQK.
Remember too, ZQK is controlled by insiders (individuals and related institutional holders) so they effectively call the shots here.