To: Jacob Snyder who wrote (81032 ) 9/21/2000 10:46:08 PM From: Maurice Winn Read Replies (1) | Respond to <The opportunity to get QCOM at great prices is past. > Isn't a 10 or 20 bagger in 5 years a "great price"? Logically, higher oil prices mean higher costs to transport people and goods, and thereby (at the margin), make people and businesses do more voice (and data) over wireless devices, and less physical movement. For instance, our local natural gas utility is installing a system whereby the meters have devices that can be read remotely. these devices are wireless, and run on batteries, because they do not want to have any wire connecting a gas meter to anything else (as I type this, I'm seeing lightening flash outside). Higher gasoline prices should give them an incentive to accelerate activity like this. The cost/benefit of installing these wireless devices, versus sending a truck to every house every month, steadily shifts in favor of installing the devices, as gasoline prices go up. Lots of other businesses are in the same situation. A lot of the decisions depend on expectations of future energy prices, rather than current prices. In late 1999, and early 2000, most people thought the increase in energy prices was just a short-term blip. Now, more people are deciding high oil prices are here to stay. I'm not sure if they are right, but the change in expectations should increase demand for telecom services. And, in a rational world, (which I sometimes seem to inhabit), that should increase stocks prices for QCOM (and the whole telecom services/equipment sector). >
