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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: Ramsey Su who wrote (9828)4/14/1998 8:37:00 PM
From: JMD  Read Replies (1) of 152472
 
Ramsey, the corruption topic is a strange one, beginning with one guy's corruption is another guy's standard business practice. Practically the whole rest of the globe thinks Americans are whacko for pursing the Clinton/Zippergate thing. The French and Italians particulary think we've lost it. Puritanical doesn't begin to describe how the French paint us, more like naive to the point of idiocy. [the above partly based on recent trip of #1 daughter to Paris where, in the pursuit of truth, she wine bar crawled until the wee hours, but ONLY so she could report current French political thinking.]
I think you probably said it best (however crudely :)with the "show us the money" comment. Whatever phrase you want to use, the bottom line is does the "corruption" wind up distorting the economic system in such a manner that a whole boat load of capital gets zapped building stuff nobody wants or can afford (the Japanese have apparently tossed up a couple of bridges where the toll is like $40 or $50!!! and----------surrrrrrrrrprise!!!----------nobody is driving on the damn things but not to worry because several committees are delving into the mystery and their reports are expected by Y2K at the latest) OR does the money get spent a la Chicago in the Daley years resulting in "The City That Works"? (the length of that last sentence and absence of punctuation was just for you.)
Based on their reputation in countries such as Indonesia where their economic success has inspired jealousy to the point of murder, the Chinese appear to me to be cracker jack business folks. (and of course there is the example of Hong Kong which doubtless has more millionares per hectare than Manhattan.) I also like the way the Chinese have gone about building up their domestic infrastructure by insisting that necessary technology and manufacturing capacity be made available to the Chinese as a condition of foreign companies doing business there. All of which expresses my hope that the Chinese won't allow corruption to kill the goose. But that remains to be determined.

And don't tell me you don't know that "Go Bears" is the mantra of the University of California at Berzerkely so tell whoever those impostors are in Qualcomm Stadium that we've got the IPR's on that one locked up tight. OTOH, given Cal's athletic prowess, we might be willing to discuss reasonable terms for licensing.
Mike
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