Marc Gabelli
Marc Gabelli
asset basic build business cash company consistent continues customer environment flow form generation good interest local looking market matter rate simple solid value volatile
What we look at is basic fundamentals, looking at cash flow, looking at a franchise, so when a company has a solid business in a local marketplace, with a good customer base, we like that. It's very simple to understand. Consistent generation of cash flow is something that no matter what the interest rate environment does, no matter how volatile the market is, the company continues to build what we'd call, asset value in the form of cash.
market
I don't think that Qualcomm has the third-generation cellular market or the CDMA market that the analysts were expecting.