Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.81

-4.1%

Nov 17 3:59 PM EST

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To: Bux who wrote (21902)	1/25/1999 2:38:00 PM
From: Jeff Vayda	Read Replies (4) of 152472

Ericy announces surrender!! Got your attention? Interesting read on a paragraph from the company statement: <<President and CEO Sven-Christer Nilsson said, "The advantages of our strategy is obvious. By the year 2000, the natural attrition of our workforce will result in fewer Y2K problems and the problems will be of a more manageable magnitude. In addition to strategic reductions of our workforce, we are implementing a rapid phasing out of the manufacture of products prone to Y2K failures such as digital cellular phones and base-stations. (my bold) This will reduce shareholder liability during the transition to the new millenium. When the dust settles, Ericsson will re-emerge as the worlds leading manufacturer of digital cellular products." >> Let me see if I follow this 'Euro' logic. Y2K will result in accounting problems for us and our employees. In order to reduce potential Y2K problems, we will reduce employees. Our products are prone to Y2K problems so we will rapidly phase out their manufacture. Once the dust settles (in a year!) we will magically start up production again and rule the world! You are right Sven, now it is obvious. And I was worried these guys would give Q a run! Jeff Vayda

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