<LONDON (CBS.MW) - Nokia shares tumbled 6 percent in Finland on Monday after broker Morgan Stanley downgraded its rating on the stock to "underperform" four days ahead of scheduled December quarter results from the world's largest mobile handset maker.>
Ben, I get some satisfaction from that. After years of dishonesty and GSM Guilding and hagfish slime it's good to see the beginning of the end of GSM as the ruler of the wireless world.
Nokia should have embraced CDMA fully when they had the chance. Now they are struggling well behind Samsung, Kyocera and others in markets and technology. Perhaps they can make up for lost ground before CDMA really gets going, but it's not easy to do badly for years then suddenly flip around to be the champion.
I suppose the outcome will be Jon's, "Nokia sucks, therefore sell QUALCOMM".
Meanwhile Mighty Q! results out soon.
I like the little gadget that Julie Cunningham was holding up in the annual report; the Cyberbank PC-Ephone name makes me think that it could be used to manage Q money.
It will initially be used for US$. But when people eventually figure out that a currency created out of thin air, backed by nothing except Uncle Al's promise to keep its value in a more or less constant relationship with how much of it people expect to get for an hour's work, or, the way they measure it, in a constant relationship with the consumer price index [but with some annual extra printing to the tune of about 3% which is great profit over and above interest charges], they'll look for something with real backing. Such as the assets and creative endeavours and desire for goods and services which humans around the world have shown is much more permanent than any national currency which continues only at the whim of some electorate [300 million wacky people in charge of the currency of 6 billion isn't my idea of a long term good bet].
The Q is the way to go. A Q representing an ownership share of the company which owns a broad range of global enterprise. The Q would be transacted in cyberspace via the Cyberbank PC-Ephone, pdQ and other devices, stored on multiple servers around the world which constantly monitor and update each other and providing individual account real-time data on each subscriber's devices.
A $, Euro, Yen versus a Q. My bet is on the Q. The owners of the shares would be the owners of the currency. The holder of the currency would be the owners of the shares and the companies those shares represent. They would get the profits. At the moment, holders of the $, Yen, Franc, Shekel, Euro, Kiwi etc are on a wing and a prayer, with no visible means of support. AND the system is getting wobbly. Argentina has gone pop. The Yen is dodgy. Even the mighty US$ is being touted as ready for a collapse.
The Q
Mq |
