So, BCE Inc are first to buy some cdmaOne Korean business. Nothing announced from Qualcomm yet and maybe they were only considering Hansol. The Fed is printing, the flush North American companies can go shopping and have obviously figured out that if they can find synergy, there are some super duper firesale bargains over there.
As you say, the orders for cdmaOne handsets won't be held up for lack of working capital. Lack of orders from unemployed subscribers remains a risk, but I'd rather be selling cellphones than luxury goods in South Korea.
Meanwhile, Sony is playing heavy hitting politics - telling the Japanese politicians to deregulate, open the economy to free trade and allow people to get moving. Now if only Irwin tells Al Gore to tell Bill Clinton to open the USA economy to free trade things could really look up. I know, I know, you all think the USA is the free trade zone of the world. Hahaha!! Meat quotas, ethanol subsidies, mucking around with Nafta, Gatt and descendants.
Don't even bother attending those jamborees. Just do unilateral free trade - tell them you surrender and damn it all, okay, all the foreigners can sell stuff in USA even though they don't let Americans sell stuff in return.
They won't understand that you get lots of lovely goodies made in Mexico, China or Vietnam for really cheap, they get to keep USA dollars, which they refuse to spend, presumably stuffing them in a mattress or lending to a bank. If they don't spend the USA dollars, you don't even have to go to work to make goods for them in return. Just print more dollars the following year and keep right on shopping.
What a great rort! All the silly foreigners collecting USA dollars and not spending them. How many has Japan got now? Must be in the trillions. Dollars [and other money] should be treated as though they are radioactive - don't keep them in your pocket too long or get burned and they'll turn to worthless lead.
Why do they have to stop printing someday qdog? It's been going a long time now. Starting about Independence Day. It really got underway once the link to gold was abandoned. Now even gold is being abandoned as people get bored looking at it sitting in a vault doing nothing.
"Hey, let's dig up gold in South Africa, cart it over to the USA and bury it in a vault in New York. Then spend millions guarding it forever". Wouldn't it be easier to just leave it in the ground in the first place if it isn't going to be used for something?
Now that is slightly off topic, but is some underpinning of why the Dow will just carry on up as people continue to abandon money and Qualcomm will continue to do well, sitting there with an 8,9,10 or 11 figure stash freshly printed by Alan G, ready to go shopping in China, Korea, Japan, Mexico or wherever. Hey, how about New Zealand?
Mqurice
PS: TDMA continuing okay. Do many of you know that Irwin, Andrew Viterbi and co were instrumental in establishing TDMA with their Linkabit company? Which they sold to move on a develop the much better cdmaOne. |
