Bloomberg
Qualcomm Shuts Down Hiring After `Dramatic' Order Contraction
By Ian King
Nov. 12 - Qualcomm Inc. Chief Executive Officer Paul Jacobs said he's stopped hiring and is eliminating some research projects after a ``dramatic'' contraction in chip orders from mobile-phone makers.
``We have basically shut off our new hiring growth,'' Jacobs said in an interview in New York today. ``Before it was, `let's let a thousand flowers bloom,' now we're going to do a bit of pruning. We've shut down some projects.''
Jacobs, who heads the biggest maker of mobile-phone chips, said orders dropped off in October because handset manufacturers cut back on their stockpiles of unused parts, a reduction that will last for about two quarters. Consumer demand for mobile phones with Qualcomm chips is holding up, he said. (Holding up what? Bonuses? - Jesse)
``The end market, while it's slowing a little bit, isn't that dramatic,'' said Jacobs, 46. Still, there is ``some uncertainty'' in the company's earnings projections. (If the manufacturers are slashing production you can bet their channels are stuff and crying "enough" - Jesse)
Revenue this quarter may fall as much as 6 percent from a year earlier, the first decline in seven years, Qualcomm said last week. Annual sales increased 22 percent on average in the past six years as Qualcomm benefited from increasing use of its chips in mobile phones that provide high-speed Internet access...
Spiritual pride leads to a lingering spiritual death. It turns the living being into a tomb, bright and polished on the outside, proudly ornamented with scrupulous attention to detail, and ostentatious adherence to the letter of the law — but inside full of corruption, and festering foulness. They love the rituals and the worldly forms of religion, but want nothing to do with mercy and love. It is a sickening romance with the self, unto death.
Jesse, Essere Umano, 20 August 2017