By contrast, Qualcomm's larger share-price declines have stemmed from deteriorating performance on its financials. In its most recent quarter, Qualcomm's revenue plunged 19%, and adjusted net income fell by almost 25%. Shipments of MSM chips fell 10%, and although weakness in the semiconductor business was generally expected, corresponding double-digit percentage declines in licensing revenue came as a departure from past quarters. Looking forward, Qualcomm expects further massive declines in earnings and revenue in its fiscal second quarter, and that could prevent a turnaround from taking shape until much later in the year.
Intel and Qualcomm are both dealing with tough times, but Intel appears to be further along the process of figuring out a solution. Given enough time, Qualcomm might be able to emerge with a solid long-term growth strategy. For now, though, Intel looks like the more solid pick for those looking for stability and predictability.
and going much, much lower
Nothing but trouble
you got it