Mike,
For a guy that attended U.C. Berserkly in the 60s, you sure are intolerant of differing views. Chuckj has always provided thoughtful commentary to the Q thread. In the interest of balance, here is Chucky's last post. I think you and Maurice have scared him off. YOU SHOULD BE ASHAMED!! Jim, I miss him too.
o: +Maurice Winn (25934 )
From: +chuckj
Saturday, Apr 3 1999 7:03AM ET
Reply # of 30573
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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