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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 164.42

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9:38 AM EST

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To: Tomas who wrote (2504)	10/19/1999 5:12:00 PM
From: John Inine	Read Replies (1) of 13582

For those interested in learning more about this story, I recommend Ken Burns' documentary "Empire of the Air". It's available from PBS video. It follows the careers of Lee DeForest, inventor of the vacuum tube, Edwin Armstrong, the brilliant inventor (Superhetrodyne, FM) and David Sarnoff, the ruthless head of RCA. It's a cautionary tale of how the big money interests can squash the little guy. I'm sure this sounds familiar to QCOM investors. RCA litigated over Armstrong's patents for decades. Only years after his death, when RCA lost, was his widow paid any royalties. DeForest and Sarnoff won some measure of public acclaim for their role in the radio industry. Edwin H. Armstrong is well known among electrical engineers, but not to the general public. That's a shame.

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