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

To: Rono who wrote (12151)	6/27/2001 5:48:36 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 196848

Rono, despite Ramsey's injunction against me [he'd go well as head of the FCC], I'd like to point out that Nextwave is NOT reaping any taxpayer dollars. As Ramsey so succinctly and sensibly put it, Nextwave gets their licences issued, they pay their bills as bid and due under bankruptcy laws, the bidders in the fake auction get their money back, Nextwave builds a CDMA network and makes a lot of money. As is now obvious to everyone, the original bids were NOT too high. So is the case with 3G bids in Europe. They are not too high if they convert to cdma2000 and make it all happen quickly at prices near the 'hourly rate' of people who live in the licence zone. Keep in mind that the high bids only came about in the latest false auction because QUALCOMM was successful in creating CDMA which made spectrum so much more valuable [because a LOT more calls can be squeezed through a bit of it]. The other thing which made the spectrum so valuable is that QUALCOMM's royalties are absurdly low. If QUALCOMM had charged the right royalties, the bids would have been much, much lower. The size of the bids for spectrum is directly proportional to the undercharging in royalties which QUALCOMM made. So we don't need to hear any more whining from the bloody Koreans, who are making a fortune from QUALCOMM's invention. The GSM Guild can go to hell too and pay the ridiculously low royalty rates QUALCOMM is charging. It is NOT the FCC or USA government which is missing out on $$billions from this auction. It is QUALCOMM shareholders who financed CDMA and bid for spectrum in the C-Block at a time when L M Ericsson, Bill Frezza [who is hereby dragged out for a ritual flogging], and the physics professors who thought CDMA breached the laws of physics were all denying that CDMA could possibly be any use. Since Nextwave is in part owned by QUALCOMM, at least we get our spectrum in the end. But we don't get any $$billions. We are going to PAY $5billion or so. Tom Brokaw can go to hell too if he is ignorant enough to think this is a 'fleecing of America'. The USA is going wacko! They have a fascist electricity supply system in California, where the state dictates pricing and a lot more besides. The attacked $ill Gates and Microsoft in an fit of envy. The won't even let Kiwiland sell sheepmeat to USA consumers. Bring back capitalism, free markets and free enterprise, equality before the law and all that stuff. At least you now know that politics DOES have a LOT to do with CDMA eh Ramsey? In China, Europe and even the good old USA. QUALCOMM is out of pocket to the tune of $14 billion in USA alone [bidders should pay something for the spectrum rights]. Hang on, add to that the value of all the other already licensed spectrum. Plus that in Europe. Also Japan and China. QUALCOMM royalties are about $100 billion less than they should be. Yes, OFDM and other technologies which might not require CDMA by Q! could have filled a lot of it. So maybe it's only $50 billion. But that's still real money, even for Q! Mqurice