Jim Cramer who has been a cheerleader for Qualcomm and whose charitable trust has bought lots of Quakcomm stock said, "They don't have a good product"...
Irwin, Steve Altman, Harvey White and the other visionaries who used to run Qualcomm resisted the pressure to myopically look ahead just to achieving results for the next quarter. SM is no Irwin Jacobs! MS is no Dan Sullivan!
When a company forgets that its employees are its most valuable resource it is doomed to fail.