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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Allan Harris who wrote (9891)	11/16/1999 9:15:00 AM
From: Wally Mastroly	Respond to of 15132

QCOM vs the NAZ-100: a big piece of the recent action - Message 11945774

To: Allan Harris who wrote (9891)	11/16/1999 10:01:00 AM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

OT - Allan, as King of France, you may want to have a talk with these 2 gentleman <G>: > FRANCE IS PUTTING THE ATLANTIC ALLIANCE AT RISK: The French president and prime minister are serious men whose pronouncements should be considered with the gravity that their offices warrant. But their increasingly petulant attacks on the U.S. are coming at a very uncertain time for the trans-Atlantic community and are beginning to risk creating a serious split in the North Atlantic Alliance. Americans are beginning to weigh their level of commitment to Europe, and decisions arrived at now could easily cement policy well into the next century. Foreign policy is inseparable from defense, and at least two developments in this area have centrifugal potential. The Europeans are launching their European Security and Defense Identity, an alliance within NATO that excludes most notably the U.S. The Europeans seem to agree only on one thing: ESDI will not be accompanied by increased defense spending, so America's superiority in military capabilities will continue to grow. The second development is the ongoing process of consolidation in the defense industry on both sides of the Atlantic. Should American and European weapons systems start looking radically different, and inter-operability be significantly reduced, the cohesion between Americans and the European military units within NATO could be lost. That could be prevented if the U.S. were willing to share its technology freely with Europe. But the next American president will be reluctant to do this while Paris is so assiduously trying to paint the U.S. as an enemy of Europe. But even American officials who understand that express misgivings about the direction of defense industry consolidations in Europe, in particular the recent merger between Germany's DaimlerChrysler Aerospace and France's Aerospatiale Mantra into a European defense mammoth called EADS. As Bruce Jackson, vice president of Lockheed Martin, put it: "When Jospin celebrated the alliance in Strasbourg by saying, 'this is a victory for Germany, France and Europe,' I have to ask, who's it a defeat for?" Richard Perle was similarly concerned. He warned a German DaimlerChrysler executive that his company would find relations with the U.S. government less cozy from here on. "You have thrown your lot in with the French, and to be perfectly blunt about it, we don't trust the French. I don't trust them to do deals with. I think you'll find us more restrictive now." Some U.S. participants in government said, off the record, that they share the Perle view. <(Wall Street Journal Europe)