Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LLCF who wrote (13937)	1/25/2002 3:50:46 PM
From: Maurice Winn	Read Replies (1) of 74559

<At least with dollars they do hold SOMETHING that will be worth something as the US will honor them outside absolute collapse, QCOM could easily be stripped of Patents in China by simple decree if things look a bit dodgy there.> True, and I think that's why QUALCOMM agreed to really low royalties for CDMA used in China, but the highest royalties for CDMA equipment exported. China needs to buy ASICs from QUALCOMM to make the phones so there is another little problem for them if they simply steal. It's easy to park USS Enterprise off the coast if China simply starts stealing and trying to export. That's not going to happen! But in the worst case, it's no big deal if China doesn't pay 2% royalty and makes their own scungy ASICs for rotten CDMA phones. In terms of honoring the US$, of course they will be transactable barring total collapse, but even in partial collapse, the dollar holders are going to take a pounding in value. They are holding the bag. The dollar isn't on a gold standard where the holders can ask for gold delivery. If they are diluted, which they are being, they are out of luck. Mq

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