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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 159.42-1.2%Jan 16 9:30 AM EST

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To: Ramsey Su who wrote (34454)7/9/1999 7:53:00 PM
From: JMD  Read Replies (1) of 152472
 
Only grizzled veterans of this asylum know how much it pains me to commend Ramsey, but every now and then he leaves me no choice. You win Su-man: two months of golf lessons and box seats to all remaining Padres games!
This S&P initiation party is a hoot, and I'll take just about any marginally decent excuse to hoist a tall Scotch & Soda(twist), but other than that, color me bored. Who gives a damn? [Unless you were short, but if you were short, you're only a little deader than you were last week, and dead's dead, so . . .]
The Siemens game is marginally more interesting, particularly so if it gives Nokia a little wake-up call. Remember when we used to rejoice that Q had gotten a contract to wire up all of some god-forsaken island in the middle of some ocean nobody could name except when they were in the 8th grade and had just finished a geography test? Well, I was always a little testy about that, arguing that cities like Paris, Berlin, London, Rome, and (oh man will this be cool) Stockholm, were far more to my liking AND my greed-o-meter. If Siemens hops on board, the Mighty Q becomes the Orient Express and CDMA will be laying siege to (GSM) Fortress Europe faster than the Q Choir can sing another chorus of "Irwin Jacobs--All Hail". And if the announcement comes next week while the Ericy Flounder is flopping wildly about the deck (anybody know if their check cleared?)--well I know all of you well enough to be confident that there will be NOT ONE BIT OF GLOATING AND/OR IRRATIONAL EXUBERANCE. Besides, as Mr. All Heart And Human Kindness Su has intoned, Ericy is hemorrhaging kronor at a pace only slightly faster than they're losing CEO's, so we might not have them to kick around much longer, more's the pity, and don't let the door hit your reindeer hat on the way out.
Which brings me to the point (and not an instant too soon I bet you all were thinking)--what's the real oil in CDMA land? In an acronym, AT&T. Ramsey hit this one right on the orthogonal button. Let's fess up: as long as those boys are in the TDMA camp, the forces of Evil will continue to stalk Irwin's Faithful. Not until Ma B. hoists the White Flag of Capitulation, admits Wrongful Technological Adoption, and otherwise begs for mercy (preferably in the form of signing a purchase order for a few billion Q ASICs) will we be able to hoist the Jolly Roger and moon Helsinki. And that, boys and girls, will be the occasion for a REALLY BIG FRIGGING PARTY and some serious, serious dough, Been a terrific move and a great year to date without a doubt, but absolutely the best is still to come. Y'all catch Mossberg's column in yesterday's WSJ? T's Digital One Rate plan has succeeded in swamping their wireless network capacity. What's a Mother to do?
Send calls and letters to Mike Armstrong with any infrastructure enhancing solutions that occur to you AND that involve the (ever mellifluous) direct sequence spread spectrum code of your choice. Send dollars directly to Ramsey who has assured me that he will use them only to pursue the Boys of Summer and some Callaway Big Berthas.
Surfer Mike
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