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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 171.62

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11:48 AM EST

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To: JMD who wrote (13069)	7/28/1998 5:35:00 PM
From: arun gera	Read Replies (1) of 152472

>> An Indian national with family still there, he had to post very carefully (and very anonymously). His message never varied: corruption out of control, stop, end of report. Ain't no way to get nothin done even if you have greased everybody in sight.>> Mike: India is a free country and most Indians on the street or on a bulletin board will openly repeat the above message without resorting to hide behind a pseudonym. Political patronage in a democracy is no secret. Do you think Loral could get the premission to sell sensitive satellite technology to China without the help of lobbyists who infleunced key senators and congressmen? India just has a very disorganized and uncertain way of carrying out the same process. US has $1000 a table dinners and political contributions. Asian businessmen like Mr. Huang find that such an easy and predictable method. What do they say about an "honest" politician? He who once bought stays bought. The difference in corruption is in day-to-day affairs. When a businessman is waiting for six months to get a phone line partly because the state monoply is not allowing competition, he may resort to bribing. Petty bribing works in US too. Superbowl tickets are the top end. Good seats at sports events are reserved to please the best clients. Arun

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