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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 170.90-1.3%Nov 7 9:30 AM EST
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To: carranza2 who wrote (75705)7/7/2000 4:35:58 PM
From: y2kate  Read Replies (2) of 152472
 
At this point, I don't expect Qualcomm's investor relations department or management to do what needs to be done to shore up perceptions of their technology and the effectiveness of their management. I think their ineptitude in this regard has become distressingly clear to everyone. For investors to have to harken back to six-week-old press releases in the face of new negative information about the company's prospects in Korea is ridiculous. Is there some kind of premium on words put to paper over at Qualcomm? I don't get it. I think their reluctance to speak or take action is a symptom of their arrogance. Yes, they have the superior technology, but technology is one thing, getting it widely accepted in the marketplace is a different game entirely. This kind of arrogance has led to a fall for more than one company in the past. Apple's OS was superior, ground-breaking, user-friendly- but this fact made them arrogant. They made bad buisness decisions. They failed to build crucial alliances. They were marginalized almost right out of business by their technological inferior(and poor imitator), Microsoft. Their humiliation wasn't complete until they found themselves gratefully accepting an infusion of cash from their 'inferior' years later, just to stay afloat. Qualcomm's enemies are winning, and until Qualcomm learns how to play the game, we are going to be witnesses to another case of a superior player- Nokia, et.al.- crushing a superior technology in the marketplace.
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