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Non-Tech : The Critical Investing Workshop

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To: jack bittner who wrote (17030)	4/30/2000 2:48:00 AM
From: Uncle Frank	Read Replies (2) of 35685

Jack, let me take a stab at answering your questions. 1. IMO, Q is priced based on reasonable expectations at the moment. 2. Qualcomm has had a stream of patents on cdma. When some of the early ones expire, it will not affect the overall potency of their patent portfolio. 3. From all reports, China is willing to embrace the internet. A recent story in the San Jose Mercury News addressed this very issue. 4. The carriers decide what technology is used, not the consumers. The technical and economic advantages of a cdma system make a strong case for them to replace analog/tdma/gsm systems with cdma. In the long term, politics may be the only barrier to its ascendency in a given geographic area. My responses are based on my pretty intense efforts at due diligence over the past 14 months. I'd suggest you satisfy your own concerns completely before you consider re-investing in the Q. uf

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