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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.81

0.0%

Dec 26 9:30 AM EST

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To: Maurice Winn who wrote (97747)	4/19/2001 9:46:59 PM
From: S100	Read Replies (2) of 152472

<Destruction is never creative> Hmmm, I see you are missing some critical elements in your econ training. --- snip Schumpeter remained at Harvard for the rest of his career. He achieved prominence for his theories about the vital importance of the entrepreneur in business, emphasizing the entrepreneur's role in stimulating investment and innovation, thereby causing "creative destruction." Creative destruction occurs when innovation makes old ideas and technologies obsolete --- snip Sounds like CDMA and GSM. encarta.msn.com ---- snip . The capitalist economy is swept by a 'perennial gale of creative destruction' (p. 84), a gale of innovation. 'A system - any system, economic or other - that at every given point of time fully utilizes its possibilities to the best advantage may yet in the long run be inferior to a system that does so at no given point of time, because the latter's failure to do so may be a condition for the level or speed of long-run performance' (ibid., p. 83). ---- snip humanities.mq.edu.au just down the street from you?

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