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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: Jordan Levitt who wrote (83424)10/12/2000 9:27:47 PM
From: Ibexx  Read Replies (2) | Respond to of 152472
 
October 12, 2000 Barak, Sharon Hold Talks

NY Times, filed at 8:27 p.m. ET

JERUSALEM (AP) -- Israeli Prime Minister Ehud Barak on Thursday urged the hawkish opposition Likud party to join his shaky coalition and held late-night talks with Likud leader Ariel Sharon. Barak offered Sharon a major role in a new government.

It was a Sept. 28 visit by Sharon to a Jerusalem shrine holy to Muslims and Jews that sparked the current wave of violence in the region that has led to more than 90 deaths, mostly Palestinian.

The inclusion of Sharon would likely be seen as a signal that Barak is abandoning his dovish platfom.

Barak has been asking Likud to join his coalition to unite Israelis at a time of deepening crisis.

``The best thing is a national unity government even if it will take three or four days and to establish it and get it on its way,'' Barak told Israel TV. ``We are facing the Palestinians and the Arab worlds and even facing friends and fewer friends in the entire world.''

With Likud in the government, it would become more difficult for Barak to resume peace negotiations. Sharon staunchly opposes concessions to the Palestinians.

A statement from the prime minister's office said Barak briefed Sharon on Thursday's violent events, including the killing of three Israeli soldiers in the West Bank city of Ramallah and Israel's retaliatory strikes against Palestinian command centers. Talks between the two would continue over the weekend, Barak's office said.

Sharon, mastermind of Israel's 1982 invasion of Lebanon, is a controversial figure in Israel. In interviews Thursday, Barak sought to allay concerns among his own constituents, but also offered Sharon a major role in his government.

``Ariel Sharon is an appropriate, serious and of course an important partner for a national unity government and of course in such a government he can have an influence. He's not a man that can be ignored,'' Barak said.

Earlier Thursday, Sharon's office said the Likud leader rejected an initial offer by Barak to join forces because the Israeli leader had wanted to stick with a more dovish approach to peace negotiations.

Likud official Moshe Arens, who served as defense minister in the early 1990s, told Israel radio Thursday that a national unity government would only be possible if it reflected more of the views of the Likud

Ibexx

PS: It gives me the creeps to think that Ariel Sharon is at the negotiation table.



To: Jordan Levitt who wrote (83424)10/13/2000 12:50:33 AM
From: Maurice Winn  Respond to of 152472
 
<I in no way can believe that the price of oil, or interest rates for that matter, can do any meaningful degree have an impact on the world wide adoption of cellular for voice and data communication.>

Since I quit work, I use phones not much at all, though the ADSL line runs hot all day every day. I have a cellphone, as does nearly everyone I know. When working, I was using a cellphone flat out. Timely communication is vital in the business world.

The wealth effect is bad for Q! because people won't make many phone calls if they are lazing around on a golf course, so revenues for service providers are less and they'll build out less infrastructure, upgrade it more slowly, etc.

The Korean economic shambles of 1998 showed what happens on a national scale. Just like me, when they were going on 747s as tourists, they took cameras but didn't make cellphone calls. When the crunch came, the trips were cancelled, they went back to work, bought cellphones flat out and made LOTS of calls to try to get an income.

Electronics and spectrum are weightless [almost] so economic activity can be generated through them without buying expensive oil, car insurance, air fares etc as happens in the industrial economy.

So I reckon that high-priced oil not only encourages cellphone use [and CDMA development] but makes it essential for people to earn a living. Cellphones are so cheap and so are minutes that people can put them at the top of their buying list without doing too much damage.

I suppose it will take a few months for people to figure out that QUALCOMM's profits are continuing to roar ahead while other companies, especially in the industrial age economy, are paying through the nose for oil and oil-derived products such as steel, tyres, roads and airplane rides and consumption will drop.

Mqurice

PS: Only 6 hours left on Friday 13th, Full Moon and all looks great! Must be going to be a big stock market recovery. Friday 13th now started in the USA. Any disasters?