Telstra, like all Telecom companies worldwide, has charged huge amounts of money and disappeared it into bloated bureaucracies and government coffers.
While Janet Reno and cronies slaver over Bill Gates who in a totally competitive market, with no government protection, licensing or other monopolistic confiscation of the public's money made a fortune from voluntary customers, their telecom cronies were raking in trillions of dollars with nary a peep about the evil confiscatory government enforced monopolies of telephone "service".
Now Telstra is having to cut their prices and allow interconnection. A bit late really. Competition by way of wireless was about to resolve the issues anyway. A non-story really. Vodafone remains the big news and quite exciting for QUALCOMM. We see in a few hours how exciting.
Meanwhile, in other news from Australia, Korean visitors were down 75% from October 1997 to October 1998. You all know why that was. You all now know too that they stayed home and bought cdmaOne handsets. You see how predictable it all was. Even down to excess panic in the USA over "Asian Contagion" and a money printing rescue by Alan Green$pan with a huge sigh of relief and a continuation of the New Paradigm.
So now you know that the new protection against recession is investment in the wireless industry. You could invest in Vodafone. But you buy a lot of legacy GSM there. Why not cut to the chase, get ahead of the pack [this is a fox-hunting analogy, not a car-chase] and buy QUALCOMM which focuses your investment right where it counts - wireless, cellphones, CDMA intellectual property in mobile, Globalstar, Eudora [WWeb communications], WirelessKnowledge, Wireless Business Solutions [OmniTRACS], and the most technologically advanced company in the CDMA world.
I'm with Jon that a LOT of people will have figured this out by now. With buy orders filling the hard drives waiting for the switch to be flicked, opening Nasdaq for some hot trades. Publicity seems to be very active too. Maybe there will be a charge of the Lemmings.
Just for fun, here's a prediction: a $4 gap up then 5 million shares traded with a close up $8 for the day.
Infrastructure seems to be no more a problem than it was back in July, so no worries there after all. Thanks for the tidying up Gregg and others. And it seems that problem will be sorted out somehow. I hope by big orders rolling in once WWeb is announced at the standard chip rate.
Mquarkce
$80 31 Jan 1999
Dow 16,000 Feb 2002.
New Paradigm gathering speed still....nothing to slow it down in sight |
