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

To: llwk7051@aol.com who wrote (3506)	11/23/1999 10:07:00 AM
From: JohnG	Respond to of 13582

Robert, owning 49% or 50% of a China company is just too risky. We went through this phase with Mexico--their 1000+:1 devaluation--and little money flowed. JohnG

To: llwk7051@aol.com who wrote (3506)	11/23/1999 12:35:00 PM
From: quidditch	Respond to of 13582

Robert, Why wouldn't qcom make an investment in China Unicom with some of their partners like Nortel or msft. I know from comments & articles, Jacobs thinks that China is a high priority. I have seen Jacobs build the cdma product from nothing into a major force. I have faith that he will come through. I think that you are right to have a fundamental trust in Q's management and that it will attempt to build the CDMA franchise, thereby benefitting Q's stockholders. There is no possibility that Dr. J and crew underestimate the present and future importance of China to the CDMA adoption story. The road ahead, however, is littered with obstacles, including GSM's installed base, heavy lead in sub units and evident support from the old China Telecom types, most notably Wu Jichuan, together with the sticky IP issues that Q faces in getting a concrete commitment from PRC officials without opening the vault to possible patent protection waffling and giving away trade secrets and knowhow. PLUS, WTO is not assured; it faces need to obtain Congressional approval, which in the charged Beltway atmosphere is no easy deal. Having said that, it is entirely possible that the article Brian posted was aimed at an "intended" audience, designed to up the heat on the decision-makers. If Q can forge alliances with parties which have positive capital to deploy with the political heads in the PRC, all the better. Q is out of the manufacturing business in any event, except with respect to ASICs. Steve