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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: quidditch who wrote (595)	8/5/1999 5:58:00 PM
From: JMD	Read Replies (2) \| Respond to of 13582

Steven, thanks for the capsule summary: most relieved to hear that the only entity in the known English conversant universe that bought off on BatWing's drivel was H&Q--those guys never met a Q they liked so no worries there. But tell me why this isn't a no lose scenario in any event? Let's take a GIGANTIC leap of faith and assume that MOT starts spitting these things out the front door like hell won't have it. The net result is that the Q picks up a tidy sum on licensing fees, the CDMA gospel is spread further and wider, and, maybe, QCOM loses a few direct ASIC sales. Now what would those "lost" sales consist of? Low-end, last generation stuff at best. Even H&Q would have to admit that MOT doesn't stand a snowball's chance of catching up to the latest and greatest rolling out of San Diego. Think of poor AMD and its fruitless pursuit of INTC, hell, think of Lucy promising not to snatch the football away from Charlie Brown. More likely that Ramsey would take up golf and Maurice endorse fixed rate pricing. I find it more probable (but somewhat irksome) that the Q is getting drubbed because a) investors have decided that EBAY's beanie-baby monopoly is not a viable business model, and b) AG is worried about the I-word, despite c) the Fed's biggest problem these days being how they go about recalling debt in order to pay off markers [in the early Iron Age when I went to biz school, debt redemption was considered an anti-inflationary mechanism of absolutely nuclear proportions, but hey, times change]. Anyway, thanks for setting the record straight notwithstanding that I remain forever clueless (something for which you bear zero responsibility) SM