In other words, you're a swing trader masquerading as an "investor". You don't care one bit about the NVIDIA story. That's fine, but you really shouldn't pretend like you do.
Surface 2 is dramatically cheaper, which probably explains that. If you want to do a comparison to Intel sales, look at ASUS T100 v.s. Surface 2 (haven't looked at their rankings on Best Buy, but I'll take a look later today).
I didn't miss your point; just pointing out that a 4G rollout is probably much more directly beneficial for QCOM than INTC.
Go look at Qualcomm's income statement and get back to me on where most of the company's EBITDA comes from.
It's from sweet, sweet royalties.
Qualcomm's profitability comes mostly from the fat royalty checks it collects from the sale of 4G handsets.
Every phone that gets sold with LTE capability drops cash into Qualcomm's coffers. The chip business is just icing on this already great business.
All you talk about is ARM's high TTM P/E with no consideration of future earnings/cash flows. This is quite literally picking a single data-point (TTM P/E) and using it to extrapolate pretty bold conclusions (the fall is coming).
Again, the stock is still below $25 as we speak. A couple of percent move within a tight range is still quite "dead money".
A breakout past $26 would indicate not-so-dead money, and I'd love to see it. But the fact of the matter is that until we see quarterly results that basically kick butt and take names (HPQ-like revenue beat, for instance), the stock isn't going to make a big move.
Yes, he may be able to take a few pennies off, but he cannot fight fundamental results. If Intel returns to growth in 2014 and posts gangbuster quarter after quarter, Covello can scream "Capex" and lower his price target to $10 and nobody will listen/care.
If you look at this post, you'll see a little shield with an 'x' on it and the word 'Flag' next to it. Click the drop down there and hit "Ignore User".
It's clear that you are holding a grudge against me, think I'm a paid TSMC shill, and am unduly ungrateful for a 3% move in a stock that has underperformed the Nasdaq 100.
Put me on ignore if you don't want to read my comments/responses to the folks calling me out in these threads, because I am going to be honest in what I write and about my views on things.