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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: limtex who wrote (107539)10/26/2001 10:12:17 PM
From: Maurice Winn  Read Replies (1) of 152472
 
Limtex, I suspect not much.<I wonder what goodies Dr J has coming up over the next three years that we don't even know about now?>

The list of stuff already on the table is so big that I doubt there is a lot more to be loaded on other than more of the same in a consolidate-and-extend process for the development of the CDMA wireless world.

I would like to see them take on Uncle Green$pan's currency with an all new, all encrypted cybercurrency. There have been tentative moves in that direction with PayPal and 724 Solutions, Eudora development and other internet stuff. The currency would be based on shares in QUALCOMM and a bunch of other participating companies [perhaps the likes of Microsoft, Cisco etc would be interested].

That would cut out the middlemen, Uncle Al and Uncle Sam, who have no competition in the currency business [other than relatively minor national currencies which are worse than Uncle Al's]. At the moment, they dictate terms on their currency, raising or lowering interest rates and printing untold new amounts of the US$, diluting existing holders.

Because the USA government is keen to avoid monopolies and brings anti-trust cases against monopolies, they would be keen to see the US$ get some competition and give consumers a choice [yes, I am kidding that those hypocrites would like it].

The Q would not suffer damage from inflation, but would in fact go up according to the earnings of the companies making up the currency because each Q would represent a unit of the shareholding in those companies.

When buying something, one would transfer ownership of a unit of the combined companies, Q1, to the seller. PayPal could do it all securely in encrypted cyberspace and the 3D government kleptomaniacs and spendthrifts wouldn't need to get involved in the transaction at all. With no tax burden and actually getting a return on ownership of the currency, it would rapidly become the lingua franca of money.

With 5 billion people all transactiing Qs in cyberspace, MightyQ! and those involved with the currency would make a LOT of money. An unimaginable amount of money!! It could be a BREW application with QUALCOMM charging 0.01q per transaction. I guess 1q would start out at around US$1 with 100q = one Q.

No more need for banks to goof around with your money. No ATMs, which are closed, broken or 'network down'. No tax. No inflationary dilution. No bank fees. All right there on your use-anywhere pdQ device [or whatever device you want] securely managed by QUALCOMM which would run multiple, redundant servers to keep track of all the transactions in real time.

That's the big new thing I'd like to see.

Uncle Al is getting old and so is Uncle Sam for that matter. We need a new kid on the block.

Go Q Go.

Mq
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