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

To: Uncle Frank who wrote (38100)	8/17/1999 2:48:00 AM
From: Bux	Read Replies (2) \| Respond to of 152472

JG, those of you who bought qcom years ago were visionaries who beat incredibly long odds. Neither visionaries nor long odds. Qualcomm had blocking intellectual property rights on a technology that was more likely than not to become the dominant cellular standard. Even many who understood the superiority of CDMA doubted the ability of CDMA to succeed in the market citing Beta vs. VHS (the superior standard lost). Still, it didn't take visionary thinking to see the fault in those arguments, namely that consumers don't choose cellular standards, companies do. Companies that choose a cellular standard with less capacity will be burdened with a competitive disadvantage. If your statement refers to those who invested before the first successful CDMA network deployment then I would have to agree they were either lucky or visionary or a CDMA RF engineer who understood the complex but elegant theory of CDMA and could see there were no insurmountable obstacles to a working system. But truly visionary investors would have had their dollars working elsewhere until early this year at which point everything would have been liquidated to purchase QCOM. But I didn't buy the "long odds" argument two years ago and I don't buy it now. Bux