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To: JohnG who wrote (11083)	4/26/2001 4:08:09 PM
From: 49thMIMOMander	Respond to of 34857

OTXXXP-JohnG: That was my parties!! agora.stm.it Some of the more intersting, really small ones participating in the elections are omitted. "25 partys. That is not freedom. It is chaos." Soo.., do you long for a really orderly freedom...??? All those small and odd ones are something few in Finland would like to lose, the salt of the soup, the small chaos that disrupt the big ones, without any kind of responsibilty (to start with, before they grow up). Almost everyone already misses the "radical free-market liberal" in congres. (note, european liberal = US libertarian, or actually new-liberal in contrast to classic liberal) Hmm, then we have the definition "vulgar-liberal"?? (vulgar-libertarian in american) Ilmarinen P.S. The key to having 10 parties in congress and no chaos, is to have a centrist party besides the traditional left-right and not one party too close to 50% or even 30%, it always take cooperation between at least two to get anything done. (the balance oscillates around x-y-z, where x,y,z are between 20-30%, for left-center-right, that is, 20-20-20% to 30-30-30%, as well as combinations, 50-60% coalitions needed for gvnmt) Small parties cannot play the swing vote trick if two larger of the three major parties cooperate, knowing that they can (game theory) but are even welcom in government if they can agree on some basic things, take a little responsibilty (not their job, they should upset the status quo, etc when needed, there is also always one big one in opposition). But I don't think anyone would wish this system on USA, too dangerous, might not just rock the boat but much more. (and wouldn't be possible to implement anyway on a 250 million population, the importance of centralized and decentralized democracy)

To: JohnG who wrote (11083)	4/26/2001 5:11:49 PM
From: Puck	Respond to of 34857

<font color=red>Qualcomm Smacked by Downgrades</font> FORMER WIRELESS STAR Qualcomm (NASDAQ:QCOM - news) sank on Thursday, a day after it posted earnings in line with expectations but warned that it expected results later this year to be significantly lower than analysts had forecast. Several downgrades didn't help matters either. San Diego-based Qualcomm, whose patented CDMA technology is becoming a standard in the wireless industry, had pro-forma net income of $232.64 million, or 29 cents a share, for its second quarter, vs. $206.82 million, or 26 cents a share, in the year-earlier quarter. That met Wall Street expectations, as 22 analysts had forecast average earnings of 29 cents a share, with estimates ranging from 27 cents to 30 cents, according to Thomson Financial/First Call. But Qualcomm said it expected third-quarter earnings of about 21 cents a share, sharply lower than the average Wall Street forecast of 33 cents a share, according to 21 analysts polled by First Call. Shares fell in reaction, sliding nearly $5 or 7.8% to $58.05 from Wednesday's close. Chief Executive Irwin Jacobs attributed the lower forecast to soft demand for Qualcomm's chips due to a weaker global economy, and lower royalties and licensing fees. The company also expects to lose two cents a share due to its business with troubled satellite-telephone company Globalstar (NASDAQ:GSTRF - news). He projected third-quarter sales of about 14 million MSM, or mobile station modem, semiconductor chips, down from the second quarter's sales of 16 million chips and year-earlier sales of 15 million chips. ``Uncertainty in global economic conditions, however, has resulted in recent reductions in chip demand from our customers in the third and fourth fiscal quarters,'' he said in a statement. Qualcomm also forecast pro-forma fiscal 2001 earnings of about $1.05 a share, including an eight cent loss from its Globalstar business. This new estimate assumed sales of 80 million CDMA phones, compared with prior expected sales of 90 million. Second-quarter pro-forma revenues were $713 million, up from the prior year's $649 million. Analysts had forecast revenue of $698 million. The company's shares closed up 5.7% to $62.92 Wednesday on the Nasdaq. They have fallen from their record high of nearly $200 in early 2000, and have lost 23% since the beginning of the year. In contrast, the tech-heavy Nasdaq is down 17% year-to-date. Qualcomm also said it planned to spin off its semiconductor business later this year.