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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: gdichaz who wrote (12962)	6/22/2001 11:35:37 PM
From: Eric L	Read Replies (1) \| Respond to of 34857

Chaz, << The published version of that interview was a hatchet job - absolutely unprofessional. >> You and I have discussed this before. Dr. Jacobs has gotten himself into similar situations many times before this, has he not, in his informal interviews. I started out the year with a post on this subject, after backtracking some of the old hoary chestnuts that have been written on this subject: Message 15106535 ... and how about since? He just does not stop. You have, I'm sure, seen his comments about EDGE reported out of CTIA one month after the FT interview.. Qualcomm's controversial chairman and CEO Dr Irwin Jacobs has predicted the demise of EDGE (Enhanced Data for GSM Evolution), a 2.5G data standard. "I don't think EDGE will see the light of day," Jacobs told Total Telecom at the CTIA Wireless 2001 show in Las Vegas. ... Jacobs said EDGE suffers from restricted coverage issues as well as requiring extra infrastructure equipment. "I don't see there being an economic opportunity for EDGE," he added. Message 15536760 Is it any wonder that Nokia published a whitepaper in an attempt to clear up what they call some "Market Misconceptions" about EDGE? Dr. Jacobs is the CEO of what is now an S&P 500 company. Five years ago, OK. Qualcomm was struggling But Today? If he goes to lunch ... or chooses to have an interview with the Financial Times, I think he should be extremely careful in his comments, particularly when he is on the soil of a continent where he would like to do business. How do you think that Chris gent reacted to the article on Friday morning the 23rd of February. << The published version of that interview was a hatchet job >> You keep saying it was a hatchet job. I think that Greg Jones comments were more likely, and that Dr. Jacobs, flushed from a fine week in Cannes, was again, attempting to play head marketeer with the Financial Times. Qualcomm is FT's darling, it would seem, if only because they Luv beating on the "3G" homeboys, and Qualcomm is the perfect hammer to do it with, and Dr. Jacobs was the perfect foil, it appears. << Perhaps that had something to do with the publisher of the FT being on the Nokia board. >> Perhaps it did not, Chaz, perhaps it did not. << Naw, couldn't be, except perhaps the newspaper knew only the Nokia party line, so Qualcomm had to be off base, and so that was how the story was "reported" >> Reread the article. Tell me that was not the Irwin we have come to know and love? << The power of the press to report as it sees fit, including selective editing and distortion of wording and misrepresenting intent, is sometimes a sickening thing in this world of ours. >> We agree on that. How can you say in the same post "As it turned out Dr J was absolutely on the mark in the actual interview he gave to the Financial Times, as has proven to be the case "in the event"., and then say it was a "hatchet job"? I'm sorry, you have totally confused me, with that one. - Eric -

To: gdichaz who wrote (12962)	6/23/2001 8:56:49 AM
From: gdichaz	Respond to of 34857

Eric L: Re: <<How can you say in the same post "As it turned out Dr J was absolutely on the mark in the actual interview he gave to the Financial Times, as has proven to be the case "in the event"., and then say it was a "hatchet job"? I'm sorry, you have totally confused me, with that one.>> Sigh. As what Dr J actually said and clearly meant when he was "interviewed" by the FT reporter has gradually emerged, the gap between his words to the reporter and his intent as he has clarified since, and the "story" as reported, has become more and more obvious. Hence, my phrase (which I will admit is inelegant and probably too strong, but which I was using to reflect my impression of reporting which is at minimum sloppy and not exactly a standard on which to base a financial decision - the supposed forte of the FT) His predictions with regard to "3G" which related to W-CDMA and W-CDMA only are being borne out in the real world now and seems to be reasonably on target. We will see in 2002, 2003 and 2004 how much on target he was. If anything, he may have been too optimistic on the W-CDMA timetable. But if Nokia beats his prediction, fine. This is old old stuff, so I will drop it. Assume you will have the last word (s) <g> Best. Chaz