When making projections, don't mistake sigmoidal growth curves for exponential.
Qualcomm channels Star Trek's Scotty as it faces a mobe chip wreck
Mobile chip designer Qualcomm typically channels Star Trek's Montgomery Scott, the chief engineer who under-promises to appear a miracle worker when he eventually delivers. The California-based biz follows the Scotty playbook by the letter. Just like the Enterprise's engineering guru would suck his teeth, cock his head, say it …
COMMENTS
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Thursday 21st April 2016 12:31 GMT Stevie
Bah!y
Years ago I had a boss who asked how long it would take me to do a complex task.
"Three days."
"What if I said you only had two?"
"It would still take three days of me working through lunch, taking no breaks, staying late and working when I get home. This isn't Star Trek and I don't inflate my estimates so I can pull a "Scotty". You say you need this badly, I take you at your word. It would be helpful if you would take me at mine."
That was the end of that particular stupidity.
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Thursday 21st April 2016 20:17 GMT Anonymous Coward
The evils of non-GAAP figures
There's a reason they're called Generally Accepted Accounting Principles, and unless there's a special reason to use something else, that's what investors should be looking at. Non-GAAP figures, and the horrors of EBITDA in excluding trivial items such as interest, tax, depreciation and amortisation, are for start-ups and unicorns - not established businesses like Qualcomm.