Pros
Great benefits, and resources, senior people are fairly well compensated. Lot of interesting work, great colleagues, good diversity, strong industry presence, sustained competitive advantage.
Cons
Company is becoming too large, and top heavy. I feel there is a fair amount of dead wood, some house cleaning would be useful. Engineers have relatively little room for lateral movements. Lots of duplication. Would like product management, marketing to be more competent. Stock price has been up and down over the last 10 years, but relatively flat (or even down), some competitors did better. The management can be very agressive in goals, w/o backing up with resources. This creates a lot stress on the team. However, this varies from division to division. QCT (CDMA Technologies) is the busiest place to work at, but also the safest in terms of job security.