Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (7651)	8/23/2001 9:21:32 PM
From: KyrosL	Read Replies (1) of 74559

Maurice, I can't resist barging in here. Your argument is essentially that QCOM contributes roughly $4 billion to the GNP and since about 40% of GNP goes into the government's coffers, that's how much QCOM contributes to the government. It's a fine argument, but one can turn it around as follows: the fact that QCOM exists is the main reason that there is not a single mobile phone standard in the US, and this is why mobile phone penetration in the US is about half of what it is in some other developed countries. If QCOM did not exist, mobile phone penetration would be much higher and the resulting increase in GNP would be much much more than QCOM's $4 billion contribution. Kyros

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