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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 159.42

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Jan 16 3:59 PM EST

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To: Jeff Vayda who wrote (2823)	9/6/2000 12:57:33 PM
From: Eric L	Read Replies (1) of 197275

<< The Europeans are going to sit there and watch the world go by while they bemoan the money they put into unnecessary 3G bandwidth >> The Europeans, the Asians, and the Latin Americans, may be sitting back at the end of this decade and laughing at the North Americans who perhaps had less foresight than they did on spectrum planning. Right now we are trying to patch together bits and pieces of discontiguous spectrum for 3G services. I equate this to hard disk storage. You think you have plenty, then it's gone. Unlike disk storage however, the price of spectrum doesn't go down, it goes up. It is a precious and limited commodity. I think back to the auctions of 1900 MHz spectrum, in 1995 & 1996 when everybody was moaning and groaning about the exorbitant prices of spectrum, particularly in 'C' block when to firms bid prices way beyond their potential competitors carefully planned business models, and then sought chapter 11 protection when financing dried up. I'm not knocking the spectral efficiency of CDMA, it's great, I just think we are going to need more spectrum than we currently have available for wireless data and multimedia services, regardless of the fact that by 2005 (perhaps 2004), over 50% of the mobile wireless subscriber base in the US will likely be using extremely spectral efficient CDMA/HDR services. We invented the auctions of spectrum. Other regions of the world scratched their heads and watched, and then a light bulb clicked on .... hey that's a good idea said many ..... - Eric -

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