Mala Gaonkar Pegs Qualcomm To Ride The Smartphone Wave

2016 IRA Sohn Conference

Ira Sohn London: Mala Gaonkar, Managing Director of Lone Pine Capital LLC

Mala Gaonkar Pegs Qualcomm To Ride The Smartphone Wave


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Moon Capital Struggles In Q1, Finds Value In Egypt And Turkey

Moon Capital Global Equity Partners lost -15.7% net in the first quarter of 2020, that's according to a copy of the firm's letter to investors, which ValueWalk has been able to review. Q1 2020 hedge fund letters, conferences and more Commenting on the firm's portfolio in his first-quarter letter to investors, founder John Moon reported Read More



Mala Gaonkar on Qualcomm

2/3 of earnings are 3G 4G wireless data voice. 1/3 earnings are chips. Smart phone market doubling in the near term. High end market has a high replacement cycle. Long contract terms and structures. Both standardized and bespoke manufacturer. 2 years on average smartphone replacement. Plenty of growth for mobile internet penetration. Investment in 4G networks leading more demand for company chips and data services. Blended average royalty rates have been stable during the past several years. High viability in revenue stream, strong patent portfolio and competitors are investing less. Has many more patents and developed technology than its peers. Growth of the machine-to-machine internet communication business will drive growth in the data transmission sector. QUALCOMM, Inc. (NASDAQ:QCOM) has 97% of the LTE business. Royalties are 70% of earnings



2.5 billion royalty bearing units

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