Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 177.78

-2.2%

3:59 PM EST

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To: puzzlecraft who wrote (97079)	4/7/2001 8:09:14 AM
From: Dennis Roth	Read Replies (3) of 152472

How is that fair to the firms that dropped out of the bidding as the prices rose too high? Why should a competitor be allowed to win a license by outbidding me, then after winning the license get to pay less than he bid and keep the license? The winning firms went into these auctions with their eyes wide open. No one forced them to bid so much. Yes it might have been a slight plus for QCOM if these had all been beauty contests, then Nokia would not have had to offer so much in vender financing. Suppose you went to an auction and were bidding on an item. When the bidding got to $30 you dropped out. The winning bid was $40. Then after the auction the winner began to whine and was allowed to pay only $20. How would you feel? To me this is a matter of fairness and justice, not a few pennies on Q's bottom line.

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