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

To: KyrosL who wrote (6958)	2/4/2001 4:20:45 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 196548

<Seems to me that the mobile phone industry is fast approaching saturation. And there are no fancy new apps every year to prod people to upgrade, like the PC industry. People use their mobile phones overwhelmingly for one application: talking. Their PC at home or work is far superior and far cheaper for everything else. Is it possible that the growth projections for this industry will turn into mirages in 2001, and even the mighty Q will disappoint?> Kyros, I maintain the 3G market is going to be stupendously huge. Your comment 'cheap SMS seems to be used' is the key. The fantasy that billions of people will pay the absurd prices demanded by service providers is the mirage. However, the actual cost of providing 3G services is trivial. People love talking, looking, listening, reading, knowing, not being lost and being able to find stuff. 3G does that for them and can do it cheaply wherever they are. They won't wait for WAP or GPRS to struggle through a few pixels or sound bytes though. They want action. 3G can provide that action. 5G [and then 10G around 2010] will provide the sight and sound in full 3D Technicolor. At a low price. There are fancy new apps strung out as far as the eye can see! This is the world's biggest-ever profit opportunity, which will make cars and personal transportation trivial by comparison. People thought the car and oil industries were big. They even thought the computing industry was big. Wait until they figure out what's going on here. The main mistake made will be stupid and greedy telecoms marketers trying to charge too much [as happened with Globalstar and Iridium]. But they'll go to the wall and others will take over where they failed. Some will get it right in the beginning and will be monstrously huge companies. Mqurice