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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 182.37+3.6%2:55 PM EST
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To: JeffreyHF who wrote (144782)9/7/2006 5:46:01 PM
From: Maurice Winn  Read Replies (2) of 152472
 
Jeffrey, Art was obviously joking, and fair enough too in response to Lim's history of woes and his odour test of the cyberwaves for a miss.

And not so fast there on <legal fees remain a nuisance, though barely a rounding error.And, using the antitrust decision of last week as an example, those fees are being well spent.>

I guess they are a very round error, possibly even obese, reaching into the 10s of $millions. Which was all of QCOM's revenue in living memory.

The fact that there was a win doesn't mean the money was well spent. I could perhaps have got the same result for a tiny fraction of the cost. It seems that the judge could figure the matter out. Broadcom got the boot. All the lawyers had to do was stack up enough information for the judge to see the light.

We can only assume that management of QCOM were managing the legal department on a cost-effective basis. I have personally seen large corporates assume that money is being well spent when in fact it's unnecessarily gushing out to people talking their own book, being very important and building an empire [the computer department in BP New Zealand in the early 1980s for example].

I would especially watch the legal department for excess now that they are so important.

The vital legal work was done years ago, establishing the right legal position on patents and agreements. Which seems not to have been done very well if it's true that $111bn in intellectual property hijacking was achieved by GSM Guild bandits in GSM/GPRS/EDGE standalone devices.

Mqurice
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