Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 179.26

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3:59 PM EST

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To: rkral who wrote (118651)	5/11/2002 1:00:52 PM
From: Peter J Hudson	Read Replies (1) of 152472

Ron, I don't understand your concern for the carriers. It's a buyer beware situation. They weren't compelled to bid on the spectrum. If they made their business decision to bid based on manufacturers promise of 3G hardware they should have structured huge penalty clauses in their infra contracts. The governments were being pressured to hold auctions, if there was no demand the auctions would have been postponed. The folks making those huge bets on spectrum had the responsibility to verify the business case. There was plenty of evidence that problems existed with the proposed UMTS standard. I. J. has been expressing concern about delays in WCDMA since the family of standards was adopted. It's fine to be sympathetic when companies or individuals make bad business decisions, but the blame rests with the decision makers. Pete

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