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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (19135)	5/19/2002 4:07:40 AM
From: LKO	Read Replies (1) \| Respond to of 74559

LKO, if you want to invest in China and India development and middle class prosperity, you can't go wrong with QUALCOMM. Both countries will buy CDMA in a very big way if you are right that their development is a good bet. This will get somewhat off-topic, but here it goes.. I already have owned QCOM for 4 or so years at cost of < $5. It was a Peter Lynch style "buy what you buy" stock pick that went so right that for a while I thougth I actually had learnt how to pick stocks. <G> (At that time I had dumped PacBell Wirless aka Cingular GSM phone after bad quality issues and picked up a Sprint PCS phone which said Qualcomm on the back). It has been interesting to say the least. I should have (could have, would have) sold it at $200 if I was smart. It has been painful to see my virtual QCOM wealth disappear but it has been worth the price in entertainment watching the whole cell standards industry intrigue which makes them do silly things. I am a bear on 3G wireless data at this point. If the industry had its act together, a universal cell-phone plug in would be part of the expensive mobile platform most of North America lives in (aka, the automobile) just like the radio, but it has not happened. Most people still get their why-am-i-stuck-in-traffic information on the radio. While I am still happy with QCOM stock performance in my personal situation, I do not see myself buying more of it. Now some food for thought...(bait for Maurice to rant ? <G>) I think 802.11b based free community networks will disrupt the success of 3G and I wish them all the success to help rescue us from this incompetent pompous telecom industry. That movement is going under-the-radar and very soon all dense urban area folks will get wireless data access for free. For those that do not know what I am talking about, read the following rant from fellow SIer Bill on the Hill Message 17463846 Then read about "Community Networks" what these no good socialist no profit do gooders have been doing List of community Networks. toaster.net Some community network folks nocat.net freenetworks.org freenetworks.org I see myself using one of these on my PDA with 802.11b with free access provided by some neighbor to my location (wherever I happen to be) a lot sooner than 3G CDMA (of any kind). That is why I won't be buying more QCOM anytime soon. They have good prospects just based on delivering voice based technology alone but that is limited and 3G promise is suspect. LKO (PS: I am not selling my QCOM anytime soon either. What can I say, over the years I have become a member-of-the-cult <G>)