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To: Maurice Winn who wrote (7932)	8/29/2001 8:08:47 AM
From: TobagoJack	Read Replies (3) \| Respond to of 74559

Hi Maurice, << I learned some more jargon just now: "the decreasing marginal utility of wealth". Message 16270007 >> Unlearn the effectively false concept immediately. Once one has all the Pam, Ursula, and Jade popping in the surf, wealth beyond that is just for counting, and counting has a fairly stretched out and steady utility, not decreasing. Decreasing and even negative utility eventually takes hold, and first sign of it is when the holder starts to give it away in dollops. Chugs, Jay

To: Maurice Winn who wrote (7932)	8/29/2001 9:13:26 AM
From: KyrosL	Read Replies (2) \| Respond to of 74559

Maurice I am not convinced that mobile telephony in general and CDMA in particular has some kind of immunity from the tech deflation. My fixed line per minute charges are far lower than mobile phone charges. Calls to Europe are less than 10 cents a minute. They are even lower when you make a PC to phone call, and almost zero when you make a PC to PC call. PC internet bandwidth is virtually free. And the fiber optic glut, stretching as far as the eye can see in the Internet time horizon, promises to make fixed and limited mobility telephony even cheaper (limited mobility: connect to local wireless LAN, which connects you to the fixed fiber network.) Mobile telephony competes with this. The prices and profits of CDMA are directly affected by this. The great hope of profit growth in mobile telephony, 3G, which attempts to put the Internet on you mobile palm, is and will remain hopelessly less usable than PC-based Internet, which is virtually free. I think great future profits in mobile telephony in general, and CDMA in particular are a pipe dream. Kyros PS. And I didn't even mention what will happen when the basic QCOM patents expire in not too many years.