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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (50401)	2/16/2002 6:17:03 AM
From: JohnG	Read Replies (1) \| Respond to of 54805

Franq. On Strong as a QCOM Director. Four thoughts. First, I doubt if Congress will ever treat him to the indignities that it laid on Mr Lay. This guy seems to have ligitimate respect in the intelectual and business community. If Jessee Jackson, who often seems like an ambilance chaser gets away with his mode of operation, Strong will likely be spared. Second, having been only a 2 year Enron board member, he had less time to discover the underlying dishonesty. Thus, a case can be made that he is not inept, but simply a victom of Enron prople trying to use him. Third, as head of a $450, million Africa investment fund which will likely grow, he has a unique opportunity to facilitate the implementation of modern CDMA telecomunications in any part of Africa that can support it -- say using the India WLL model with 1X diversity antenna phones and cheap 6000 ZIF phones. Fourth, as trustee's Chairman of Howard University, and a leading successful US Business man, any elements of guilt by association will simply fail to stick and backfire on the accusers doing QCOM little damage. Thus, the arguement that keeping Mr Strong on the board will damage QCOM is questionable. However, the argurment that kicking Mr Strong off when there is specific no evidenct of personal wrongdoing and only slight evidence of incompetence, will injure QCOM has considerable merrit -- especially if Mr. Strong has been contributing mightily to the QCOM Board. I think that even various pension fund managers may reach this conclusion. All this seems to be clearly boh likely and plausable to me. It is up to someone close to the situation to evaluate the correctness of this arguement in light of their detailed knowledge of the situation. If I had realized prior to mailing in my proxy that Strong was an Enron Director, I would not have voted for him, but doing so might have been a mistake on my part.