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

To: cfoe who wrote (13233)	7/24/2001 8:58:24 PM
From: Mike Buckley	Respond to of 197297

cfoe, Discussing Qualcomm in the context of Gorilla Game is definitely not off-topic. A Gorilla's strength is directly related to the strength of its value chain (the value chain's ability to act in the interests of the Gorilla) and the power it wields over that value chain. I believe Spinco's role as a member of the value chain would be more helpful to Qualcomm as a supporting member of the value chain than as a division of Qualcomm. Imagine if Intel had been a division of Microsoft or vise versa. Each company serves the other's value chain much better as an independent company than if the two companies were combined. For the same reasons, keeping the handset division and the infrastructure division in the company would not have inured to Qualcomm's benefit as much as having them part of the value chain. (I'm not ignoring that there are also other issues such as relatively limited competitive resources that made selling those divisions attractive.) It's just my opinion, but that's the basis of my disappointment that the spin-off has been cancelled. I don't hear Qualcomm management using Gorilla-speak the way I hear other management teams using it, so I wonder how much Qualcomm's management is steeped in the writing of Geoffrey Moore. --Mike Buckley