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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Keith Feral who wrote (111680)	1/25/2002 3:36:43 PM
From: A.L. Reagan	Read Replies (3) \| Respond to of 152472

Let me set the record straight - I am not insulting Jeff Jacobs or Qualcomm's management, and understand completely the business rationale for making these investments. Having operated a doofus division with arguably worse results (albeit on a much smaller scale) I have a personal appreciation for what is involved and the potential pitfalls, especially with international ventures. However, good intentions, hard work, high net worth, high IQ, or whatever other metrics one cares to use does not necessarily lead to great investment results in this milieu. So the point maybe we can agree on is that the Evangelist Division (if this is less "insulting" than Doofus division) is a necessary part of the Qualcomm business model - and perhaps we can agree that when evaluating the investment metrics of the Qualcomm business, this activity is just as integral as designing ASICs or collecting royalties.

To: Keith Feral who wrote (111680)	1/25/2002 10:21:20 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

<Vesper will have over 1 million subs by the end of the year. Globalstar has sold 50,000 handsets. There is no comparison between the potential success of the 2 companies.> Keith, while I agree that even at 15c a share, Globalstar Telecommunications Limited has not much potential for success, the assets of Globalstar have far more potential for success than Vesper. Globalstar's assets have the potential to be the foundation for the world's fill-in telecommunications system and that will take a LOT of minutes. With another couple of constellations and another 50 gateways, the world will be communicable everywhere. Vesper is just one little network in one little country. No big deal at all. Mq