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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 174.01-0.3%Nov 14 9:30 AM EST
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To: q1000 who wrote (32847)2/26/2003 4:37:09 AM
From: Maurice Winn  Read Replies (1) of 196650
 
<Reliance has been signing up subscribers very rapidly—apparently around 2 million or so. They have not launched commercial service yet. They are actually delivering phones to these new subscribers and at the end of March or thereabouts they intend to start charging for that service; and at that point they are hoping to have many more than 2 million. They’ve announced that they expect to break even on an EBITDA basis.. for 2003. They are very serious. There’s no doubt to me that they are going to get a lot of subscribers because they are so aggressive in terms of pricing their service. >

Wow! Some marketers alive and kicking. Globalstar couldn't figure out in 1999 that they should have adopted such a strategy.

If India continues with this sort of approach, they are going to do very well very quickly. Maybe rich people really have risen to their level of incompetence just as managers rise to their level of incompetence. Hence, Sprint and others fail to market CDMA with a view to maximizing revenue, profit and market share [which pretty much go together for things like mobile phone service].

Go Reliance! Great stuff. Maybe QUALCOMM could do something similar with Globalstar. All it would take is some imagination, and not very much at that, since India is showing the way.

Mqurice
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