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

To: Dennis Roth who wrote (9058)	4/23/2000 12:03:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 13582

<Should consumers ultimately pay for exorbitant license bids? Mainstream U.K. media pundits are calling the auctions a government-sanctioned ?stealth tax? on consumers. Patricia Hewitt, government minister for trade and industry, responsible for the 3G auction, says the market will pay what the market will bear. The ?beauty contest? method?where spectrum is awarded to those with the strongest business plans?was unsuitable for allocating U.K. licenses, she argues. ?Who are we to decide who should have a license??> It's amazing that in the 21st century, people still have the idea that if there is scarce spectrum, the subscribers won't have to pay what the market will bear if the government simply gives it away to their mates instead of selling to the highest bidder. Thank goodness for people like Patricia Hewitt who seem to have a brain in their head! The next moan some have made is that there won't be enough money left to bid for spectrum in Germany! Duh! Watch the money come flooding in. People know how hot WWeb is going to be and how many $$trillions subscribers will spend. They want their paws on it. They have to bid. This is all fantastic for the early adoption of CDMA in WWeb applications. QUALCOMM stock should be soaring on this bidding war. Mqurice