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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 175.32

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Dec 8 3:59 PM EST

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From: ohohyodafarted	1/26/2009 9:39:03 PM
	2 Recommendations Read Replies (2) of 196862

Obama just screwed QCOM and many other high tech firms that invested in spectrum that was to be freed on Februare 17 2009. I said that Qcom's letter to the new president would fall on deaf ears, even though the Jacobs family helped to elect him. It came back to bite them in the butt just like I said it would. Here is the text of a Reuters release.. WASHINGTON (Reuters) – The Senate passed a bill on Monday to delay the nationwide switch to digital TV signals, giving consumers nearly four more months to prepare. The transition date would move to June 12 from February 17 under the bill that was fueled by worries that viewers are not technically ready for the congressionally-mandated switch-over. It also would allow consumers with expired coupons, available from the government to offset the cost of a $40 converter box, to request new coupons. The government ran out of coupons earlier this month, and about 2.5 million Americans are on a waiting list for them. Senate Commerce Chairman John Rockefeller said delaying the TV switch is the right thing to do because the United States is not yet ready to make the transition. "The Senate acted responsibly to give the Obama administration time to attempt to bring order to a mismanaged process," the West Virginia Democrat said in a statement. Many lawmakers worry that an estimated 20 million mostly poor, elderly and rural households are not ready for the switch, which requires owners of older television sets receiving over-the-air signals to buy a converter box or subscribe to cable or satellite TV.

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