Quite simply, your camp has two huge problems. First, w-cdma may well be vaporware. Amidst the doom and gloom lately, it seems that Ericy, Nok, and word out of China is starting the orchestrated process of lowering expectations on W-cdma and its ability/capacity. Somewhat off topic, we also recently hear that T is concerned about EDGE and it is AWE's management that is steadfast. However, if W-cdma comes to market, your second biggest problem is that it is very likely that qcom will in fact get royalties in every instance and furthermore, may make the best chip. There is considerable evidence that w-cdma will not, cannot work without qcom's ipr, and Ericy has signed a definitive agreement. Mot has signed a similar agreement.
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We have flat out had at least as much good as bad news the last 3 months. No question. I think behind much of the stock action is simple disappointment that the party stopped, and the lack of awareness that we have gotten ourselves involved in the biggest financial game of bluff ever played in the history of mankind. There are billions and billions at stake so the players will do whatever it takes. <p><br>
With Qcom at 60, and a pe of about 50, it is so foolish to be negative. Long term holders really need to shut there damn pc's off and stop watching. This will be a great investment over time. Bears are being silly. This was a great short over 150, not now. |
