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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 179.26+0.5%Dec 15 3:59 PM EST
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To: John Biddle who wrote (118654)5/11/2002 2:56:26 PM
From: rkral  Read Replies (2) of 152472
 
>>"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."

I am talking about the carrier's inability to obtain a return on significant assets .. because 3G manufacturers haven't performed as promised relative to these assets .. and governments sold (don't know about collected) monies for these assets prematurely .. IMHO.

There is precedent for governmental relief, I believe. I recall one or more governments postponing the due date for auction monies, other than the down payment, until infrastructure installations are complete.

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

I did buy QCOM and the stock did go down. Sue Qualcomm? Of course not. Not their fault. Not the markets fault either.

I alone made the decision of when to buy. But there's a big difference re the Euro spectrum auction. When I wanted some QCOM stock, I didn't have to buy it from Qualcomm during a one-time sale on a weekend set by Qualcomm.

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

No.

>>"Do you believe people are responsible for their actions?"

Yes. But I do not believe they should be deprived of the opportunity to obtain a return on their assets.

>>"Even the Euros can't abide that one."

I don't think you have authority to speak for the Euros. :-)

Ron
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