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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 175.32-2.2%3:18 PM EST
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To: rkral who wrote (118651)5/11/2002 12:48:26 PM
From: John Biddle  Read Replies (2) of 152472
 
I hate seeing the Euro carriers (and others) getting screwed!

So what you're saying is that it's a problem that the carriers bought at the top and now that the perceived value has dropped precipitously the governments (sellers) should help make the carriers whole.

Have you used this fairness theory to sue Qualcomm because you bought their shares and they went down?

Would you be screaming for the carriers to double up their payments if the value of the spectrum had gone up?

Do you believe people are responsible for their actions?

The government picked the premature auction date. What was the carrier supposed to do? Not bid, and be frozen out of the spectrum?

Yes, that is exactly what the companies should have done if they believed that the purchase was a bad investment and was going to become worth dramatically less a year or two later. And if they thought that, that's probably what they would have done. But they didn't! They thought they were getting a bargain. Remember, THEY bid up the price, not the government.

I know none of this would be successful, and most likely has no legal standing.

Because it's a stupid idea! You are essentially saying that other people should be responsible for fixing your mistakes. Even the Euros can't abide that one.

I rarely rant .. but

Apparently that's a good thing.
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