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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 168.09

+1.8%

Nov 28 9:30 AM EST

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To: Jack Bridges who wrote (25931)	8/22/2002 5:20:42 PM
From: Maurice Winn	of 196776

Hi Jack, re: <As reality has struck, many insurance companies would be broke today if their regulators had not lowered the solvency standards to match the debacle in telecomm share prices resulting from ill-conceived auctions. ... Questions are being raised as to why the same telecomm geniuses and regulator geniuses who created this mess are now losing further ground to the obvious progress in Asia and America... > The auctions were brilliantly conceived and did just what they should do = extract most money from the companies which wanted to profit from a publicly-owned asset. The telecom geniuses were the ones at fault. They had all the information about technology, with promises from the GSM Guild about what wonders awaited in VW-40. They bid to da sky! Ooops! Now, the governments can buy the assets of the silly bidders for pennies on the pound = buy the spectrum back for a tiny fee. Many of the employees can stay in their jobs. The shareholders suffer the consequences and that's our job as investors - to back the right people [like Irwin Jacobs and Bernie Schwartz and win or lose a fortune]. Shareholders bleating about loss is unseemly [unless there was fraud or theft in which case there are laws to handle that]. You are right about the regulators who insisted on a Eurostandard as they do for so much, from banana bend, to beer foam and diesel cloud point. The regulators are the bad guys. Specifying VW-40, hoping for a repeat of their luck with GSM as a Eurostandard. Oops. So, change the regulations so any technology can be used in any spectrum, buy back the assets of those failing companies if they go bankrupt, put those assets [spectrum etc] up as shareholding in new companies. Start business as cdma2000 operators. When the business is booming, start selling the shareholding. Or, just start rolling out GSM1x in existing GSM spectrum. Which would save a fortune. Mqurice [waiting for spring ... sick of wet, dark, cold ....]

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