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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.09

+1.8%

Nov 28 9:30 AM EST

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To: synchro who wrote (9085)	3/7/1998 10:12:00 AM
From: Clarksterh	Read Replies (1) of 152472

Synchro, OS/2 didn't get tromped by Gates, it got tromped by the market, which is made up of individuals, each making an economic decision that makes the most sense to him, in his own self-interest. OS/2 got tromped for one reason. Bill Gates had a monopoly, and no one wanted to be stuck with the next betamax. I know. I personally made exactly that choice and so did several friends of mine even though I knew it was the better operating system. Monopolies inherently cause stagnation relative to what happens in a true open market. Btw, I enjoy lower phone rates because of deregulation, not becuase of government intervention in the guise of anti-trust laws. But that's another whole story for another day. You obviously weren't around then. AT&T would not allow anyone else to hook into their lines except for exhorbitant fees. They said, with some justification, 'They're our switching networks. You can't touch them.' And they even did such things as making it exhorbitantly expensive to hook up a non-AT&T phone (they would no longer service your home lines without a whopping fee.) The government created competition not by deregulation but by reregulation based on the Sherman Anti-Trust act (A monopoly must not use its monopoly power in a natural monopoly (ie last mile and local switching stations) to unfairly inhibit competition where competition is otherwise natural. (ie private phones and long distance).) If the Sherman Trust Act had not existed you would still be using the black AT&T phones and paying twice the phone rates. I would seriously recommend that you go back and read some of the newspaper articles from that time. Many of the arguments you are currently making about Microsoft were made then about AT&T. Clark PS It worries me too when the government changes the rules midstream, or interferes in the marketplace. The default condition is that the burden of proof must be on the government if they want to do this, but there are going to be situations where it is the right thing to do.

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