Hello slacker711 -
Anybody want my estimation of the US market.
I sure would...TIA
On another note, IDO is prominently promoting CDMAone (anyone know Japanese).
ido.co.jp
And finally, an article from the San Diego Tribune. Will the new quillionaires remain at QCOM?
signonsandiego.com
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Truly, being rich is all about change
Michael Kinsman
January 17, 2001
His name is James, and he' s what the locals around Sorrento Mesa call a quillionaire.
To the rest of us, he' s just someone who has worked for Qualcomm for seven years and got rich quick on stock options the rest of us wished we had. And, he admits, he thinks about his job a little differently now.
"I still go to work. In fact, I want to go to work now more than ever before," James says. "It' s fun."
But he says that might simply be the novelty of making a big hit.
He' s in his late thirties and not sure what his new financial status will mean for the rest of his life. He does know that if he invests wisely, or if the bottom doesn' t drop out of his stock holdings, he doesn' t have to work another day.
"It' s something that I began to realize a couple of years ago when I thought it might be possible, but I never really expected it to happen," he says. "I' m not sure how I' m supposed to act."
Welcome to the corporate version of Who Wants to Be a Millionaire? It seems that every time a dot.com goes public, or a high-tech dazzles Wall Street, a gaggle of millionaires are hatched.
Barry Heermann, an organizational development consultant in Del Mar and author of "Building Team Spirit," thinks we are entering a brave new world.
"It certainly raises all kinds of questions about work and about our motivations for going to work," he says. "This is a relatively new phenomenon, so it' s probably going to take a while before we see what happens to people who come into great wealth through their jobs."
People have always gotten rich off business. Today' s world, though, is more like the Gold Rush that found average Joes searching the California foothills for treasure: Some people are in the right place at the right time while others are just digging holes in the ground.
"We know that in a company like Microsoft or Qualcomm, a whole lot of people became millionaires," Heermann says. "I assume that most of those are in the upper echelon -- the top executives or the extraordinarily valuable people who have helped the company achieve success. It causes me to wonder what happens if they all decide to quit."
Michael Toms, author of "True Work" and host of the syndicated radio show "New Dimensions," recalls a simple exercise he and his office mates participated in a few years ago.
The eight people in the office chipped in $5 each for lottery tickets on a jackpot that Toms estimates would have paid each of them $8 million.
"Then we asked what each of us would do if we won $8 million," Toms says. "To a person, everybody decided they' d do nothing different than they already were. We were all going to continue in our jobs."
Toms says people may be just as engaged in their work after they become millionaires if they find purpose and passion in their jobs. "A sense of mission is a powerful force," he says. "That' s not easily replaced."
At the same time, he acknowledges that workplace riches might cause some people to seek fulfillment outside their jobs.
"If they can find more meaning and purpose outside of their work, more power to them," he says. "You have to have that purpose wherever you find it. It may be that this just makes it easier for people to pursue their outside interests."
The more entrepreneurial of these wealthy new workers might simply use their money to pursue their dreams in their own companies.
Longer term, Toms expects twentysomething and thirtysomething millionaires to reshape philanthropy.
"Among this group, it' s not automatic to support the symphony or opera or Goodwill," he says. "People seem to be looking for socially relevant causes and that' s where they are going to give their money."
With so many young nouveau riche, he anticipates that they will have a dramatic impact on the world.
It probably will take a few years before we can look back and see what became of those who became millionaires and quillionaires around the turn of the century.
But whether these riches weld workers to their jobs or give them the freedom to go elsewhere, we can be certain that things will change. Money does that.
Michael Kinsman writes about workplace and career issues. His e-mail address is michael.kinsman@uniontrib.com
Regards Scott
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