Bought Qualcomm

Hyper competitive rather than anti competitive was the unanimous decision regarding Qualcomm in a recent US Appeal Court. Although 5G rollout may take a while, I guess that pretty much everybody everywhere will have a 5G phone in a few years time, even before 5G services become available in some areas.

So the premier 5G chip business seems a reasonable purchase at this time despite the high historic P/E ratio. There is also a dividend – running at $2.60 per share giving a yield of 2.1% at circa $122.