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

To: John Biddle who wrote (4561)	12/24/1999 6:55:00 PM
From: voop	Read Replies (1) \| Respond to of 13582

Happy holidays to all. Thanks for allowing me to gain wealth and knowledge from the sharing that has occurred on this board. Random, totally uninformed musings If Kyocera deal is so bad why did the stock KYO got up on good volume yesterday (5X average) quote.yahoo.com If Kyocera deal is so bad, why is volume on Q so average yesterday? quote.yahoo.com Why was volume still only average on big moves up last few weeks? Totally a guess but I think Q thought up until a short few days ago the deal was going to go to Nokia. But they got everything they wanted from Kyocera and they could not refuse it versus having to live with a reduced royalty rate from a company not interested in adopting the technology anyway. Sort of like Errorickson not busting their butts to sell CDMA with so much a stake with GSM. Dr J factored in the resistance to change from Scandanavian GSM cabal and saw unconquered territory with hundreds of millions of more Asian subscribers at stake. It was a vote not so much for 2000 which would be to get hooked up with Nokia and its huge ramp-up voice systems but look 2-3 years for getting data up and running with a willing partner. I am thinking about India along with China and the numbers should be awesome. With only 15% of the market and the air interface for 3G and two of the five pathways for terrestial interfaces to 3G and HDR to bridge it, pressuring competitors with inferior data capacity technology, I think our best days are ahead of us. Voop

To: John Biddle who wrote (4561)	12/27/1999 8:57:00 PM
From: moat	Read Replies (2) \| Respond to of 13582

Kyocera, Cost-Plus, Options, Employees Question: Should the cost of employee stock options be charged to Kyocera? QPE's services will be provided, exclusively, to Kyocera for three years on a "cost plus" basis. You guys have been talking about employee stock options, so I could not help but think about the topic. I know many people will want to ignore this topic, but I wonder how will "cost" be determined when they said "cost plus". That is, will the cost of employee stock options be charged to Kyocera by Qualcomm (somehow I doubt it, so Kyocera got a great deal; and we, as shareholders, will be paying for the difference). I believe we are talking about over 2,000 engineers and marketing types. We are talking about a very large sum of "cost" when it comes the value of these options. A very wise man wrote: "Whatever the merits of options may be, their accounting treatment is outrageous ... If options aren't a form of compensation, what are they? If compensation isn't an expense, what is it? And, if expenses shouldn't go into the calculation of earnings, where in the world should they go?" Here is the link to the quote for those who are interested (look under "Accounting -- Part 1"): berkshirehathaway.com p.s. This is not a criticism of this management in any way. However, I believe it is something we should think about as shareholders. Would be nice if they addressed this issue in the contract.