This reverse logic and nonsense will not last forever.Enjoy it while it lasts.
then there are countless more money losing companies out there for them to buy!
Bring on the market collapse and crippling investor losses!
and very much like past bubbles especially in tech.
He also hit the nail squarely on the head.
There should be some resignations over this foolish and costly waste of limited resources.
If wolfson were currently profitable the acquisition might have some merit but to pay a premium for a british company that is not even profitable is about as foolhardy as it gets.
Its only going make their deteriorating results even worse.
My sources tell me that QCOM is currently working on their new chip that incorporates the audio codec in a multifunction role chip.Rendering the products that crus and wolfson currently make as obsolete.
QCOM has a well deserved reputation of taking no prisoners and putting their competition out of business.
How is that suppose to be a positive when its going to lower their already severely dropping eps estimates.
that sells audio products that nobody wants.
The stock price should be nose diving instead to reflect the increased debt and wasted resources.
and needs to come down another $4-5.
or perhaps even the high 6's.
Just a warning here or a warning there and then all the sudden its got a 6 or 7 handle.
Those foolishly buying based on past results and disregarding the very weak future expectations are going to be in for a rude awakening.
Given the very weak expectations for the current fiscal year fy15 and the even weaker expectations for fy16.
Here I am thinking all these years that the forward expectations were far more important than the past history.
And now it appears its the other way around.The future expectations are meaningless and its the ancient history that really matters.I'll be.Have to admit I got caught flat footed on that 180 degree turn in whats really important.
Could the strategy perhaps be if the very weak forward expectations are ignored long enough they will just go away??
The very weak forward expectations don't matter and its all about the past results?
The current qtr sales are expected to be down 4% YOY and the eps is expected to be down a whopping 50% YOY.