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Technology Stocks : The New Qualcomm - a S&P500 company
QCOM 180.72-0.1%Nov 3 9:30 AM EST

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To: Ramsey Su who wrote (13444)7/1/2000 4:27:16 PM
From: foundation  Read Replies (1) of 13582
 
"It is the inconsistent US government who is getting a taste of its own medicine. After pounding Japan, Korea and China to open up their markets for foreign ownership, I am not sure if we have a leg to stand on if we deny foreign ownership."

Greetings Ramsey -

I suspect that "having a leg to stand on" in politics, as well as consistency, are meaningless criteria.

And the setting of telecommunications standards appears 95% politics, as best as I can observe.

If there are political levers to be used to crack the European door to Cdma (which I doubt), great. At the very least, I believe U.S. 3G decisions should remain untainted by Eurocentric interests resulting from ownership (however, the Verizon experience seems fine so far). I personally don't favor the 2 largest U.S. CDMA opreations being under foreign control.

However distasteful, in the telcom arena, politics has proven king, and the Euros have full government participation in this game. The U.S. market is clearly the open playing field, providing the opposition a distinct advantage. However distasteful again, I believe it's time for the U.S. government to play a more active role in this game as well.

And I suspect they will.

regards,
blg
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