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To: Bruce Brown who wrote (50363)2/14/2002 12:01:40 PM
From: Maurice Winn  Respond to of 54805
 
Well, I meant the baby-sitter, not the baby [already fried], so a high-chair might be a bit of a tight fit.

Joking aside, I'm inclined to think that if the Enron director hadn't resigned and had missed the mess, then he's not the right sort and was obviously just filling a chair and collecting director fees while sleeping on the job.

I admire Irwin's loyalty and perhaps he's right and I have no idea about Enron. I think his interests are very much to defend QUALCOMM, ensure its success and the propagation of CDMA. I don't think he'd sacrifice QUALCOMM is a silly bid to stand by a friend who is not up to the job and has lost the confidence of the public.

Until I had some idea about the situation, I'd defer to Irwin's judgement. I don't know why Enron collapsed. I've heard of off-account partnerships concealing something or other, but for all I know, that was a reasonable thing to do, perhaps for tax purposes. I'm sure it was still there for people to see if they wanted to dig into the accounts. Just as the CFRA 'discovered' that QUALCOMM was accepting shares instead of money from certain small, impecunious companies with good ideas for CDMA and concluded, stupidly, that that was a bad thing. It was all there, in press releases and anyone half awake was aware of it, and thought it was another good idea by the QUALCOMM people. CFRA is the one whose shares should be at an all-time low.

Mqurice