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Technology Stocks : Nokia (NOK)

NOK 6.795

-0.6%

11:50 AM EST

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To: slacker711 who wrote (5363)	6/9/2000 11:58:00 AM
From: tero kuittinen	Read Replies (2) of 34857

That would be a prudent habit, slacker - keep it up. No, seriously; I always draw a line with Qualcomm's blue-sky projects like Globalstar, Wireless Knowledge or digital movie distribution (none of which will probably never make a dime) and Qualcomm itself. There is a kind of "Deathrace 2000" between how much money Q rakes in from licensing fees and chipset business; and how much of this money the R&D department manages to destroy. That's what makes this company so compelling - no other major telecom firm has people whose specific duty it seems to be to flush 100-dollar bills down the toilet. I'm used to a different standard - people critizicing Nokia for the DSL initiative, because Nokia can become "only" number two company in a business worth tens of billions of dollars. Perverse attempts to create standards that have no perceptible support from anyone but Lehman Brothers seems like a quixotic approach to managing a telecom firm. You shouldn't take this as a bankruptcy forecast - I know that Q can literally afford to burn 10 billion dollars during the next decade. I'm looking forward to witnessing this spectacle. Tero

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