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Pastimes : The New Qualcomm - write what you like thread. -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (1368)	1/10/2000 7:18:00 AM
From: uel_Dave	Read Replies (1) \| Respond to of 12236

Millionaires next door' play Scrooge with wealth Most believe people create own destiny SHAWN McCARTHY Parliamentary Bureau; Source: Angus Reid Group Monday, January 10, 2000 FWIW Maurice, I thought I would post a very off topic article from Canada's National Newspaper , The Globe and Mail on the Millionaires next door globeandmail.com Ottawa -- Canada's millionaires are twice as likely to play golf as do volunteer or charity work, according to a new survey. The survey by Angus Reid Group Inc., prepared for The Globe and Mail and CTV, also says the country's estimated 200,000 millionaires believe strongly that people are the authors of their own destiny. Last fall, the polling company conducted a survey of 250 Canadians with more than $1-million in financial assets. That does not include investments in homes, businesses or household possessions. Angus Reid vice-president David Safran said the very top layer of millionaires -- the 10,000 or so elite families -- are not represented in the survey. "These are the millionaires next door," he said. "They are not just doctors and lawyers but a very diverse group that includes those professionals but also small-business owners and farmers and artists and consultants." The Affluent Canadian Report says that the country's millionaires are underrepresented in Quebec, while Ontario has more than its share. Most of those millionaires describe themselves either as self-employed or as retired, at 35 per cent and 40 per cent respectively. But they also include farmers, physicians, consultants and artists. Mr. Safran estimated that nearly 200,000 Canadians have financial assets of more than $1-million. According to the survey, Ontario has 48 per cent of Canada's millionaires, though it has only 38 per cent of the country's population. Quebec has only 14 per cent of millionaires, but 25 per cent of the population. Mr. Safran said Ontario's strong small-business environment and large financial sector gives it an overrepresentation of millionaires. Quebec has a less robust small-business sector and smaller presence of banks and brokerages. British Columbia has slightly more millionaires than its percentage of the population; Atlantic Canada has slightly fewer, and the Prairie provinces have a share roughly the same as their share of the general population. Asked to list their top leisure activities, the millionaires report spending their time reading (25 per cent), travelling (24 per cent) , golfing (23 per cent), attending cultural events (23 per cent) and gardening (19 per cent). Only 10 per cent mention doing volunteer or charity work. (Over all, one-third of adult Canadians do such work.) The financially successful Canadians also seem to see themselves as examples of the survival of the fittest; 81 per cent agree that most people are responsible for their own fortunes. Despite a relatively sluggish job market in Canada for most of the 1990s, only 27 per cent say there are fewer opportunities for young people today than in the past. Mr. Safran said the vast majority of Canada's millionaires do not see their financial success as an end in itself. "It's not seen as a scorecard but as a means to achieve your goals," he said. Approximately 89 per cent of respondents say their money allows them to help others; 88 per cent say it lets them do what they want, and 84 per cent say it protects their family's future. But only 16 per cent say it is a way of showing others that they are important, and 36 per cent say it is a means of measuring their performance against that of other people. Mr. Safran said the millionaires appear mainly to represent first-generation wealth. Nearly two-thirds of respondents do not anticipate inheriting money or property within the next 10 years. Two-thirds of the respondents were over 55 years old, with an average age of 60. Still, their incomes put them in the top 2 per cent of all Canadian earners. A quarter of respondents have household incomes of more than $200,000; half were between $100,000 and $200,000, and a quarter had incomes below $100,000. Mr. Safran said those with incomes below $100,000 are mostly retirees living off their investments. He added that those investments appear to be well protected from a market downturn. "These folks are very well diversified in their financial portfolios, both within the equity market and in bonds and other financial assets," he said. MILLION-DOLLAR QUESTIONS Attitudes about money: Respondents were asked to rate their agreement with the following statements by indicating 5, 6 or 7 on a 7-point scale of agreement. Money allows you to help others 89% Money lets you do what you want 88% Money protects family's future 84% Money measures performance to self 48% Money measures performance to others 36% Money gives you power and control over others 21% Money is a way to show others that you are someone 16% - Leisure activities: Respondents were asked to list three leisure activities they did. Percentage responses: Reading / books on tape 25% Travel / vacationing 24% Golf 23% Attend cultural events 23% Gardening 19% Walking / jogging 12% Family / entertainment 12% Volunteer / charity work 10% - Region / Province: Where Canada's millionaires live Ontario 48% British Columbia 17% Prairies 16% Quebec 14% Atlantic 5%

To: Maurice Winn who wrote (1368)	1/10/2000 8:31:00 PM
From: Maurice Winn	Respond to of 12236

*That's Mannesmann, not Mannesman* Not to worry, the next few months will be fun, with Unicom in China having launched their network officially on 1 January, Japan having launched their cdmaOne fast data link, Globalstar trundling out their system, South America and Mexico going fast on cdmaOne, Australia now having dumped Analog [just a bit to go], New Zealand going to CDMA [when Telecom stops messing about while Vodafone gains masses of customers on their GSM system], Korea going to fast data, HDR coming along at the end of the year, ASIC sales going through the roof, Kyocera making handsets flat out in China, etc etc etc. Mq PS: Just noticed, on going to read the serious thread, that there is another little detail which is of interest: <NEW YORK, Jan 10 (Reuters) - U.S. telecom equipment maker, Qualcomm Inc. has linked up with Japan's Hitachi Ltd. on commercialization of a new two-way communication system that sends non-voice data to mobile terminals and also receives from them, The Nihon Keizai Shimbun (Nikkei) reported. > That means that Hitachi will produce HDR-enabled telputers which will provide WWeb access all over the world when hooked up to the Vodafone/AirTouch/BAM/Mannesmann etc network. How far away will a GSM overlay in Europe be? The pressure is on. GPRS versus some brave CDMA supplier who will aim at HDR to defeat the GPRS/GSM effort. It will be more important to provide the service customers want than maximize the life-span of a legacy obsolete GSM network. Horseshoes are out. GSM is Toast. Mqurice