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

To: Jim Mullens who wrote (126149)	12/22/2002 6:52:56 PM
From: gdichaz	Read Replies (2) \| Respond to of 152472

Jim: A comment or two to supplement yours. Many times on the G&K thread I have shared my ideas on quality and quantification. I once tried to quantify quality - for major stakes BTW - and I was young and willing to try. What I found was that what was important was not easy to measure, though what was unimportant (viz. book value) was. Clearly for anyone looking ahead, what Qualcomm has combined is rare and unique in my long time learning what I could about wireless and fibre. You have a management which sees the future clearly, without any lens which distorts its view, (and positions the Q accordingly) yet is hard nosed in making practical accomodations (viz. the sale of its infrastructure business to a major competitor -- and Fudster, the sale of its handset business to a major opportunity supplier in Japan for less, perhaps than another less well positioned or potentially helpful company might have offered). And perhaps the patience in China and India shows a key quality. How do you quantify that? The practical set of royalty arrangements in China is another very smart move which opened up China to CDMA. The nonsense that the adoption of CDMA in China was a result of US "influence" doesn't stand any careful analysis. Qualcomm won its place in China thanks to Dr I.Jacobs skill - those who fail to understand and appreciate that skill have a burden off proof on their side which I, or one, await. And then there is India. Who would have had the willingness to wait for the old socialist bureaucracy to permit CDMA. Qualcomm did. And for second best. No one would have preferred Will except it was all that was possible with a "system" which represents the worst of the "legacy" - the best being freedom - left behind by the British. So, what now? Where will Qualcomm go to open up new vistas? Again in the US neither Verizon nor Sprint are the horses any handicapper would bet on - except for CDMA. They both fall over their feet at every opportunity and are in pitiful financial shape. But then, that is what Qualcomm must deal with here in the Us - for now. Thanks for the wide wide world. Hopefully Sarin remembers Airtouch. Let's see, shall we. And then there is Asia where the CDMA world is coming together. Do rearview mirror pictures of the past matter. Perhaps. I for one prefer to look ahead - and for the quality Qualcomm exemplifies, not what the GSM Fudsters peddle. Best. Chaz