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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 156.37+1.5%11:49 AM EST
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To: Jim Mullens who wrote (134994)7/25/2004 10:55:24 AM
From: quartersawyer  Read Replies (1) of 152472
 
"sour grapes" is right, Jim. But I think the Koreans' biggest problem is loss of face. The Chinese strategy in negotiation was more successful. Their positions were very different temporally in the development of CDMA and also in global telecom conditions, but if you recall, Jacobs and Co. were back and forth to China too many times.

And the heat's on again right now. So when the Korea Times says they bought a contract from somebody at a seat of the pants Chinese manufacturer I believe that, and that Q gave the Chinese favorable terms, and also that the TD-SCDMA strategy will save the Chinese billions ( or maybe 1/4 of a billion). I don't buy the line that Q's fortunes will be "chipped away" at, just less than they would have been if the Chinese were in more of a hurry, tho time's now a- wasting for them, too. I also suspect that Korea will have some form of satisfaction.

As far as buying chipsets from Q, that agreement left open the market price, like on today's soft-shell crabs for the special. And the Koreans are exporting tremendously more than domestic sales, so it would make no sense to pay more for export and less for domestic. The Chinese condition was the opposite, so Q's offer was hollow.
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