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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 152.66+0.7%Feb 2 3:59 PM EST
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To: Dennis Roth who wrote (331)7/6/2000 5:59:42 PM
From: Dennis Roth   of 197472
 
CDMA handset exporters in Japan and Taiwan applaud the Ministry's mecantilist policy that will make Korean handsets uncompetitive in the world market and cripple Korean handset exports. Korean handset manufacturers were not importing parts because they enjoy wasting money. They use imported parts where it makes commercial sense. I thought this kind of mecantilist thinking went out in the late medieval time. I think once the handset exporters carefully explain to the Ministry bureaucrats that this will cost them export orders and hurt the trade balance, not help it, that they will back off.

Announcing the plan, which envisions 100
percent domestic production of CDMA and ADSL
parts by the end of next June, the Ministry of
Information and Communication said it was
prompted to take action by the steep increase in
parts for mobile communication devices which are
taking a heavy toll on the nation's trade balance.
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