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Technology Stocks : The New Qualcomm - a S&P500 company
QCOM 161.07-3.0%2:00 PM EST
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To: Patrese who wrote (9126)4/24/2000 8:21:00 PM
From: Clarksterh  Read Replies (2) of 13582
 
Inre "US Partners" - Y'all are missing the point here. This is not about corporate nationalism or political correctness. This is a huge shot across the bow of Japan Inc (where industry and government are more tightly coupled, albeit covertly, than in the US):

'You signed the WTO agreement on Telecom. Now open your market. Don't try to find some excuse to exclude us or this will be an international trade problem.' If they brought in non-US partners, and especially if they brought in Japanese partners, they would muddy the waters tremendously. More speculatively, I think it is meant to indicate to Japan Inc that this is serious, and not some cheap maneuver. Qualcomm intends to win licenses.

This maneuver never would have occurred to me, but it is right in line with a post I made on Maurice's thread earlier. US companies tend to make very overt use of US diplomatic power and desire for open trade. (I'll add that I agree with Maurice, and that occassionally I wish that someone would do the same to the US. I see no particular benefit to my paying extra for lamb just so some US farmer can compete instead of doing something at which they would be more efficient.)

No one ever said Qualcomm wasn't playing hardball along with the other vendors. The rules by which Qualcomm plays are, however, significantly different and significantly more transparent.

Clark
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