Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (22437)	8/9/2002 11:51:19 PM
From: Maurice Winn	Read Replies (1) of 74559

Hello Jay, philosophically, any capital destruction, waste and mistakes are bad. But that's life in the fast lane. The important issue is to be in a position to use the waste products, the over-built fibre networks and fix the mistakes. Fortunately, QUALCOMM is in position to enable CDMA subscribers around the world to benefit from Global Crossing's demise and the huge amount of fibre by using it to deliver cyberspace via cdma2000 gadgets to anywhere people want it. Note that the now infamous W-CDMA is another example of huge capital destruction. QUALCOMM is working to clean up that mess too. Busy, busy, busy! Message 17860532 Because the price of that fibre will be low, to fill it and maximize revenue and profit, QUALCOMM is the main beneficiary, other than the cyberspace users who get the even more important consumer surplus [it's the end users who win, even more than the crustaceans]. Mqurice

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