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

To: Ruffian who wrote (34215)	7/7/1999 6:58:00 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 152472

Hagfish tying itself in knots to remove slime totaltele.com <Boosting the stock price is a challenge Ramqvist has met before. Ramqvist, who had been CEO since 1990, has a charisma that has made him one of Sweden's most popular corporate leaders. What's more, investors listen to him. Just a week after Ericsson warned on December 10 fourth-quarter profit would fall short of analysts' forecasts, prompting its stock to plunge 16%, Ramqvist caused another slump. The shares slid another 8% on December 18, when he told Swedish newspaper FinansTidningen that analysts' estimates for 1999 profit may be too optimistic. Last year's appointment of Nilsson, who'd been at Ericsson since 1982, shocked Stockholm's financial community. Analysts at the time said the company passed over some strong candidates to decide on Nilsson, a softly-spoken, bespectacled man with a background in computers. Ramqvist was too hard an act for Nilsson to follow. Nilsson has presided over four profit warnings and seen the stock gain 55% - that includes a slump that at one point took the shares to a 20-month low of 118.5 kronor. During Ramqvist's tenure, Ericsson stock soared sixfold.> What a huge laugh! They are putting 'We will deny them that request' Ramqvist in to replace the man who had the sense to finally get the world of hagfish into CDMA by Qualcomm. Lars Ramqvist is the one who lead Ericy for all the years they missed the cdmaOne boat, denied it would work, denied they would use or even wanted cdmaOne, ended up in court over damaging misrepresentations made by their sales people with an injunction issed to make them stop their illegal actions, paid Bill Frezza who libelled Irwin Jacobs and Qualcomm, calling them frauds and the CDMA Mafia and arguing for a long time that all was wrong despite continuing and ever growing evidence to the contrary. Lars was the failure who lead Ericy to the shambles it is now in. Giving the company to Nilsson is what is called a hospital pass in rugby. The situation being bleak, one passes the ball to the other guy who then gets creamed. Nilsson made a good attempt at turning it around and was apparently well on the way. Now Ramqvist will take over again. What a joke. Oh well, looks as though Irwin got their money and now they are going to revert to their archaic hagfish ways and will continue down the drain. Or maybe they'll succeed, via CDMA, but if they do, it will be thanks to Nilsson, not Ramqvist since it was Nilsson who got CDMA on track. Maybe the ultimate joke will be that Ramqvist pulls the plug on everything CDMA and goes back to his wonderful winning strategy of GSM pure and simple. That would be a triple laugh. Ramqvist was there at the right time and passed control just in time to avoid taking responsibility for the failure of his tenure to move with the times. Let the games continue! Meanwhile, in a similar defeat, the USA is unable to cope with competition from New Zealand. Bill Clinton in an act of desperate trade protectionism loads import duties, taxes, imposts and tariffs on sheep meat imports. China, Japan and the rest of the world laughs at the sight of such a mighty Free Trade Proponent defeated by the little country of New Zealand. This would be more funny if it did not lend encouragement to China, Japan and others to do similar things to protect their local inefficient high cost producers of things better produced in USA. It is surprising that the USA would admit defeat over such a small item as lamb imports. Now China and Japan are likely to charge tariffs on things such as cdmaOne and cdma2000 handsets and infrastructure which is not produced in their own countries. That will mean less of the stuff sold and less money for Qualcomm. The Americas Cup will be starting in a few months and another defeat there will start to look like a trend. Already, New Zealanders are buying up USA companies, such as Qualcomm, Globalstar, Techniclone and others. Clinton is due out here in a few months for the APEC Free Trade Meetings. That should be a LOT of fun! He can expect to be laughed at. Mqurice PS: Crude oil is sitting there, top heavy. Libya should have UN trade sanctions lifted when they have paid Police Constable Fletcher's family sufficient compensation for her murder by Libyan gunfire from the Libyan London Embassy. Personally, I'd consider execution of those responsible for the gunfire a more satisfactory outcome, but compensation seems to be the international way. The same sort of deal will probably come from the USA bombing of the Chinese Embassy killing three people. The USA will pay compensation to the families. Compensation was all that came from the French Government terrorist bombing of The Rainbow Warrior and murder of one person on that. It's interesting how barbaric countries remain while citizens are expected to remain peacable lest there be severe penalties imposed for murderous behaviour. If Libya gets to produce oil, the stack of OPEC cards will collapse again. Hopefully before they manage to cause another stock market crunch with their silly, unsustainable high prices. It will be even more fun if Iraq also gets to sell oil. Too many interests oppose that for it to happen any time soon - just when some serious profits are being made in the oil sector.