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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 164.53-0.4%Jan 14 3:59 PM EST
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To: JMD who wrote (13077)7/28/1998 10:35:00 PM
From: arun gera  Read Replies (1) of 152472
 
Off Topic - Mike: No apologies required.

Go to any Indian party (as in having fun) and you will get more criticism of India and its corruption than your mild posting. No doubt India is partly held back by the corruption that pervades political and daily life.

But do you know that India exists without any functioning judicial system. Can you believe it? One billion people with practically no judicial system. And about half of them live with very little material goods. In spite of that crime rate is not all that bad. For every person using corruption to get ahead, there are nine waiting patiently following the straight path. ( How many motorists in US will not speed on the highways if there were no tickets given?)

Indira Gandhi in 1974-77 tried dictatorship ("Emergency") in India for three years. I believe the trains ran on time during that period. But, the police atrocities during Emergency created such a backlash that Indira Gandhi and her party was defeated by politicians who had been jailed during Emergency.

No simple solution for India. But telecommunication and television/cable are definitely influencing the common person in India.
And there may be a market for Qualcomm's WLL in spite of all the corruption. The Government bureaucracy may be slow and with its share of corrupt people. But if Qualcomm is in the Good Books of the Department of Telecom, a good market for WLL is possible. All those phone booths on every corner were partly due to a clear Govt. policy. If the DOT follows a similar policy on WLL, Qualcomm could benefit.

Arun

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