CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST! Message Board

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Technology Stocks : CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST!

QCOM 181.84

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Jan 8 3:59 PM EST

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To: Grainne who wrote (1060)	10/27/1996 4:23:00 AM
From: Maurice Winn	of 1819

Christine is definitely not a blonde bimbo. Big SI capitalist investor dudette. Percipient, analytical, technology futurist babe. Obviously knows where the action is if hanging out in the world of CDMA. Jim Lurgio knows CDMA is the future too. So does Bill Frezza. That's why they allocate so much effort to it. But not for them a simplistic adulation of CDMA until it has actually dragged itself out of the world of idealism, dreams and hope into the realm of accurately targetted and managed photons and cash flow. And good on them too. Self congratulatory dreamers are risky for capital investment. Dreamers need to be challenged to create in reality the fantasy from which all ideas spring. So far the CDMA dreamers are doing a pretty good job of doing just what they imagined years ago. It is not as simple as inventing a new hamburger, so the delays are understandable. The capital investment required is one of the biggest ever made in an industry and the consequences as far reaching as anything which has gone before. Unlike most industries, this one is almost pure intellect. No oil to be dug up, steel to be smelted, trees harvested or cattle rustled. No resources to be fought over. And the benefits will touch billions of people in a few short years. Computers and software are directly used by millions of people and the benefits are universal, but wireless communications will be directly used by almost everyone and the economic consequences will be enormous. The cost of communications will drop dramatically - especially when all the benefits are accounted for, which includes convenience and time saved. NextWave Telecom will be one of the major testers of that theory. Thanks for joining the fan club Christine, I'll need to upgrade to a phone box if many more want to join. A million dollars a week would be nice. Maureece.

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