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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 180.90

+2.1%

Oct 31 9:30 AM EST

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To: Maurice Winn who wrote (13437)	7/2/2000 7:16:35 PM
From: limtex	of 13582

MW - Politics v. (Physics & Economics) Thank you...you summed it up..all of it..Korea, lay-offs, China, Brazil you got it and put it so succinctly. Personally I reckon that the Politics team will win. On top of that I don't think the opposition likes the very idea of paying the Q, Dr Jacobs and his team for IPR. Today that is like being Q's servant. The owner of the IPR is the master and the payer of royalties is reduced to the position of servant. That is todays model and the Europeans don't want to be Dr J's servant in an area that is so material and so important to the European economies. Still I think the British Government, by charging ludicrously high license fees of $32bn for the broadband mobile licenses, has killed the Golden Goose. I bet we will see some downgrades of the telco operators now since they got caught up in the euphoria and put a ball and chain around their necks that will sink their earnings for over a decade. Good for WCOM they pulled out. So not only do these people have to pay the extortionate 15% for a system that doesn't work properly but they have had to pay $32bn for licenses on top or rather up front and that is just for Britain. What about the other dozens of European countries. Well the bond issuers will have a field day. They wll have to raise more money than anyone can imagine to pay into the coffers of high spending socialist governments just to be able to remain in the mobile business in Europe. Someone is going to have to pay for all this madness. Just lets make sure that the US Japanese consumers don't get screwed the same way. Anyway the thread needed your post. Best regards, L

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