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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.11

+0.6%

2:38 PM EST

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To: DaveMG who wrote (17890)	11/6/1998 2:48:00 PM
From: Maurice Winn	Read Replies (1) of 152472

"Swedish telecoms equipment maker Telefonaktiebolaget L M Ericsson is not concerned by a move by Microsoft and Qualcomm into mobile telephones, a senior company official said on Thursday." Are these people simply insane? They are arrested for tendering crookedness in Mexico, they lie about cdmaOne, they ....well, you know the litany. To be unconcerned by Microsoft joining with QUALCOMM means they are stupid or dishonest. Or both. But leopards and their spots. At least they are true to form. This is a big move. To have about the biggest company on earth decide to move into your sphere of business to compete with you is not going to enhance your bottom line. This reminds me of the time IBM decided to enter the Personal Computer industry - 1981 I think. Apple was the market leader and bought full page ads saying "Welcome to IBM. We are glad to see you in the business" or something equally stupid and arrogant. Look what happened. A billion clones later and Apple is struggling, despite the iMac, which at least is doing well. IBM was stupid enough to try to stop cloning, but lucky for them they failed so the PC took over the market. Similarly, $ill Gates tried to stop illegal copying of software. Lucky for him he didn't as it made his stuff the standard and got millions of people more into computing and they are now handing over money. He recognizes that in China and doesn't grizzle too much that software theft is endemic there - he has said it gets them hooked. And it does. Shareware or Freeware is now a standard selling method. Like Eudora Light and Eudora Pro. Looks like the beginning of the end for L M Ericsson. The fun is just beginning. Mqurice

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