Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Kent Rattey who wrote (2550)	8/29/2000 4:52:39 PM
From: Jack Bridges	Respond to of 196630

DT and the other four 'have-to-win' bidders refused to recognize that a would-be #6 wasn't going to quit and could force them to the sky. Only then did they agree to cut it six ways. This 'devious/visionary' tactic raised the aggregate price by $15B. Seems like more of a loose cannon approach, taken without regard to alternative strategies for getting to 3G. One week later, we witness the head of DT responding to the first murmurs of disbelief by emphasizing 'the long term' benefits as justification for what is starting to be recognized as irresponsible leadership. This auction nonsense will probably turn out to be simply another form of speculative bubble, foisted in the first instance on a gullible bunch of operators by a naive UK government that thought it would be nice to collect an easy $5B of play money for Mr. Blair. Whether it's tulips, e-commerce fads or spectrum, there always comes a moment when reality sinks in. In this instance, the operators will try to blame government and the manufacturers for leading them astray. All this, and the Budapest trial, can only accrue to an ever brighter future for CDMA.