RS, Microsoft interest in Loral seemed to create as much excitement as George Gilder's nice, but somewhat wrong, comments about Globalstar. Both times Globalstar was around $20 a share and instantly went to $31 on high volume, only to quickly sag back to the mid 20s.
La Plus ca change...
Microsoft's interest is interesting though.
$ill Gates has shifted 'the vision' for the first time in quarter of a century, from "a PC on every desk and in every home" to "Bloody hell, we only just caught the internet in time and managed to almost head off Netscape before AOL took it over and is now gunning for us while the damn government is attacking us from behind. Now, this piffling little company Qualcomm seems to have come from nowhere, armed to to the teeth with WWeb patents and the smartest engineers on the planet who don't work for us and a maniacal swarm of SI foot soldiers swearing that Q! will have the market capitalisation of Microsoft, Intel and IBM COMBINED. Okay, quit standing still and looking at the internet. That is so 1996. Spin on a dime again and all go flat out for this WWeb thing. We can't wait for Teledesic to trundle into gear. We've grabbed the tar baby and got WirelessKnowledge underway. Now, let's nail Loral before they and Globalstar swarm all over Teledesic. At least we'll be able to get a better grip on the internet space segment of IT. Sorry, I mean the WWeb segment of IT. Anyway, what the hell is this IT thing they are talking about on SI? Do they mean infotech? And what's that 724 Solutions microcompany? What's the difference between 'Q!' and 'Q'? That bloody Joel Klein guy zdnet.com
thinks we've got an extorquerationate monopoly does he! I'd like to see him trying to keep up with The New Paradigm. Hurricane Floyd would have been trivial compared with this lot!"
That's longer than the normal vision or mission statement, but we need some Wharton Business School and Harvard MBA to make it succinct. Maybe "Paradigm Shift Happens!" would emanate from those hallowed halls of ivy.
Meanwhile, it's nice to see Microsoft and my buddy $ill swarming into the Q! world of CDMA.
Mqurice |
