$Qualcomm (QCOM.US)$ just gave a manual on how not to handle...
$Qualcomm(QCOM.US$ just gave a manual on how not to handle earnings calls. Stupid, stupid, stupid! Allowed for a colonoscopy during earnings call, with client by client, stream by stream explained every revenue expectations in ambivalent or pessimistic outlook.
"How much is PC revenue on the guidance?" (new market for them and only growth opportunity)
Answer: we tried our best, but it's early to tell. We have some preliminary numbers but it's a long game for us and we don't have insights for a short term.
Stock plummets by -6% erasing all earnings report gains.
Couldn't repeat: we have a leading chip in the market with 50 TFLOPs (as they have said earlier). We have sold out our initial batch (as they have informed us earlier), and in the coming quarter we will be expanding laptop models portfolio and retailers (as they have said earlier). We prudently don't factor in these tailwinds, but expect to gain XX of the PC market share over 1-2y, as windows platform is adjusting to ARM compute solution and NPUs onboard.
OMFG, what a stupid CFO.
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wanwan233 : Well said. But regardless, I do think it’s still rather cheap