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To: EnricoPalazzo who wrote (42099)4/23/2001 2:13:51 AM
From: Rick  Respond to of 54805
 
Technology stocks start to retake top spots in U.S.
By Thi Nguyen

"....[I]nvestors are favoring the sectors that historically tend to do best six to nine months after the Federal Reserve cut rates, one of which is technology, said money managers. The Fed cut interest rates by 50-basis-points three times in 2001 and more cuts are expected.

``It's probably still a little too early to buy tech stocks, but the market is so forward-oriented it has already started to discount the future,'' said Owen Fitzpatrick, director and co-head of U.S. large-cap equities at Bankers Trust Private Banking, which has $22 billion in assets under management.

Bankers Trust recently added to holdings in chip makers Vitesse Semiconductor (NasdaqNM:VTSS - news) and Micron Technology (NYSE:MU - news) as well as data management software maker Veritas Software Corp (NasdaqNM:VRTS - news), and also took new positions in leading data storage company EMC Corp. (NYSE:EMC - news) and network computer maker Sun Microsystems Inc. (NasdaqNM:SUNW - news)."

biz.yahoo.com

- Fred



To: EnricoPalazzo who wrote (42099)4/23/2001 9:36:13 AM
From: Knight  Respond to of 54805
 
For proof, look at W-CDMA. Now don't get me wrong; I'm not saying that W-CDMA is indeed superior to CDMA2000 (I don't know, and those who do on this thread seem pretty sure the answer is no). But the point is, this shows in technicolor detail how a competitor can hijack a standard. Yes, W-CDMA involves royalty payments to Q, and "W-RDRAM" would involve royalty payments to R, but there's still a substantial power shift.

I wouldn't characterize W-CDMA as competitors hijacking a standard. I'd characterized it as an attempted hijacking which probably won't be successful. In fact, by responding to W-CDMA with their Spinco proposal, QCOM demonstrated just how powerful their position really is. Before Spinco, they had continually stated that the royalties would be the same for both W-CDMA and CDMA2000 (interpretation: "the presence of W-CDMA will not put us in a position of having to negotiate lower royalties"). This claim was met with some skepticism. However, with the Spinco proposal, QCOM demonstrated how they could back up their claim. By dividing the company in half and cleverly dividing the IP between the two entities, QCOM can ensure the following:

1) That they can enter into cross-licensing agreements for W-CDMA without sacrificing CDMA royalties.

2) That royalty costs for licensees of W-CDMA will always be >= royalty costs for CDMA2000. (W-CDMA will require royalty payments to QCOM for essential CDMA IP plus royalties to other companies that own additional W-CDMA IP. CDMA2000 will require the same royalty payment to QCOM for essential CDMA IP; however, no other royalties will be needed since no non-QCOM IP is required.)

The Spinco proposal is what really firmed up my commitment to QCOM as investment. Would welcome any comments on my interpretation of Spinco proposal, if anyone thinks it's incorrect.



To: EnricoPalazzo who wrote (42099)4/23/2001 11:10:30 AM
From: Apollo  Read Replies (1) | Respond to of 54805
 
Rambus....

You make some some strong points. Nice post.

managing the hell out of the INTC relationship.

MSFT & INTC worked hand in hand in the 1990s to co-produce the PC platform. My hope is that Rambus would have the inside edge going forward, for future generations, by insuring that they design memory that can be tightly integrated into future motherboard/CPU/chipset platforms, per Intel's wishes.

thanx again,
apollo



To: EnricoPalazzo who wrote (42099)4/24/2001 3:52:30 PM
From: Apollo  Read Replies (2) | Respond to of 54805
 
Ethan....

congrats on the COOL POST.

best,
apollo