Gregg, thanks for a painfully honest review of the Q in '98. One of the reasons that this is a terrific board is the balance of pro and con views expressed here. Obviously there is an underlying bullish bias, but when the Q screws up there's no lack of critics to jump. And that is how it should be.
Along that line, I wonder if we all might take a shot at the little offspring that hopped into our portfolios this year in the form of Leap Wireless. From a strictly portfolio point of view, does it make sense to own a slug of QCOM and LWIN? Is there overlap or is an investor spreading bets among different markets? Does little LWIN stand a chance against the likes of ATI which itself has been mentioned as a takeover target?
I think these questions are particularly important with reference to your own comments on the Mighty Q--"I knew I was investing in a start up . . . ". In my own career and investing experience, I have a fair slug of experience with the start up syndrome. With due recognition for the YHOOs, et. al., for every one of those there are a couple of thousand road kills wandering around. Frankly, but for Harvey White, I would quite likely have flipped LWIN. Now having read the 10Q, I'm intrigued. But I also own RMBS, LOR, GSTRF, WCII and a few other outfits that ain't exactly IBMs.
If folks want to start a separate thread for LWIN I guess that's okay but if you all wouldn't mind, it would be great to hear from you. Okay, I know Ramsey's probably short but how about everybody else? Happy New Year guys. Mike Doyle |
