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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: JohnG who wrote (31916)	6/7/1999 9:49:00 PM
From: JohnG	Read Replies (1) \| Respond to of 152472

The WTO has been loosing its credibility I saw an article to the effect that WTO was , unfortunately, loosing its credibility. They pointed to a recent WTO ruling that Europe should accept bananas from US companies (grown is the Americas). The Europeans thumbed their nose and refused to go along. I think that what we have here is a Europe, and probably Japan too, full of people extremely jealous and resentful of the unpresidented economic growth without inflation we have enjoyed since 1992 in the US. Every one here with a 401k has gotten wealthy in the stock market, US tech is light years ahead with intelectual property laws being used to compound a competitive advantage here. The net is dominated by English language content. We demonstrate un-dreamed of precisely accurate high tech military might on CNN. Manufacturing has successfully adopted continuous process improvement and is takeing the European ISO 9000 a giant step forward with QS 9000. We are into fast cycle times for product development that are closing in on the Japanese. No US citizen should be ashamed of our leading position. It has its roots in free enterprise. Between 1985 and 1992, this country let economics effect efficiencies unhampered by politics. Companies were failed, merged, disassembled, suffered systematic removal of layers of management. Meanwhile the JApanese and European governments followed a path of feeding their turkey companies increasing subsidies or refusing to let them fail or be disassembled. They chose this year's economic security by damaging their future economic freedom. Now with their harvest of inefficiency, high unemployment, slow growth, lack of innovation etc, these countries are just jealous and are turning protectionist. What is worse for them is that with the net, CNN, movies, etc it is probably obvious to the whole younger generation that their governments have damaged their economic future. One of the few areas where they shined was in cell phones. Now, it is just too much for them to accept that US is catching up there too due to superior technology. So as the proud EURO sinks from $1.15 toward $1.05, and the Brits say that perhaps they would prefer to be in the North America trade group than in EURO land. We find the Chinese (and probably others too) trying desparately to steal intelectual property. You can't really blame them. They just have no venture capital system to catalize inovation. How can they ever catch up? As an example, few realize that during the 1940's Brazil was recognized as one of the world's leading economies. Did you ever wonder just why all the Nazi's went to Brazil. Well, for the last 50 years, Brazil slipped a % or 2 behind each year. So now they area second rate economy. I see the Europeans and, to a lesser extent, the Asians trying desparately to avoid this fate. John G

To: JohnG who wrote (31916)	6/7/1999 10:15:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

3G Hagfish VS Q! Good rant John on an aspect of The New Paradigm = USA versus Old Socialist Europe! Yay for the USA respect for private property and free enterprise [not that it is as good as good be - far from it]. The operators have to accept the chip rates etc and it might well be that the GSM gang will have the political power to force it through the ITU, SETI and other bodies. After all, there are many more GSM operators than cdmaOne. As Gregg rightly points out, Qualcomm is in a no lose position, though it is a shame that overall efficiency was compromised which will damage subscribers, which is everyone, so that GSM operators could get an unreasonable advantage over cdmaOne operators. Q! will get royalties and these will be slightly increased because they get a cut of the wholesale price which will be a function of the complexity of the handsets. Q! will actually collect royalties on the GSM components built into multimode handsets. Good fun! But it would be so much better to go for the single mode 3G and collect even more royalties on an even bigger pie which is even more attractive to subscribers. The hagfish have even managed to con Gregg Powers with that tempting morsel of higher royalties on multi-mode and barriers to entry by complexity of ASICs. The way it will be stopped is by Qualcomm bringing out the MSM5000 and MSM4000 and pummelling all the competition into the dirt. Once again, Irwin has done the trick. Sold the infrastructure division, got Ericy on board, then leaves them high and dry with their silly W-CDMA which they'll never get off the back of their truck and into a small device. Q! might not even bother with including the 3.84 chip rate in their ASICs. That would be a joke! Then what would Ericy and the gang do? I think they'd go with cdma2000. That's why NTT won't support anything except a backward compatible to cdmaOne 3G system. They won't want to be left high and dry. They'll instal cdmaOne now and upgrade to W-CDMA if it's ready and cdma2000 if it's not. So will a lot of other operators. They can't wait another 2 years for W-CDMA. No need for a big government hand. Q! will do it all. Mqurice loose, lose noose, nose choose, chose goose, goes roof, rooves, rose, rows, rouse, bough, rough, drought, bought, etc... It's tough in the lingua franca.