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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 176.67+1.6%Nov 12 3:59 PM EST
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To: Maurice Winn who wrote (25934)4/3/1999 7:04:00 AM
From: chuckj  Read Replies (2) of 152472
 
Goodness, I had to pull out the dictionary to read your meaningless comments. Don't get over enthused about QCOM. These turkey's could not make a phone profitably if it was handed to them for free, by the Chinese. QCOM's government (U.S.) sponsored stream of royalties is what keeping them alive (forced spectrum allocation is the only reason they are making any royalty in this country).

The only reason Ericson gave in and got into CDMA is the desperate campaign by the Clinton Mob to save CDMA and leave a legacy of swords to plawshares (probably in exchange for campaign contributions) for the broadband defense communication technology. Despite all of rhetoric statements on CDMA adoption by China, the Chinese with all of the ties to the Clinton Mob, showed their patriotism, unlike what we lack in our leadership, and did not commit to CDMA and are also going to adopt GSM.

With the lack of reliability on power management and funky utilization of the Shannon formula on capacity (base level noise increases as the number of users increase, QCOM's only bet is that it does not increase that much, and they don't even know how much), there will not be a large investment in CDMA in China, even at that all of the base stations will be done by either Lucent or Motorola, who are the legitimate telecom outfits. This is just a pop for this stock and you will see a 50% decline when the truth settles in with all of the new buyers.

I neither own or short this QCOM, I do not approve of government sponsored businesses and at that by a crooked government.
cj
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