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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: BDAZZ who wrote (54972)	9/2/2006 6:44:03 PM
From: voop	Respond to of 196989

Pride goeth before the fall but I like to go on SI to avoid talking and thinking about the Saints ;(

To: BDAZZ who wrote (54972)	9/3/2006 4:47:09 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 196989

Did you use Globalstar as your template for that? < Some personality types would rather "cut off their nose just to spite their face". Having a good team (or any kind of organization such as a corporation, family, a group of persons with similar interests) is secondary to them never admitting a mistake, and they will exist in denial and nonsense, ignoring all responsibility of their position, running their team into the ground to meet their self serving agenda of "I am right".> That's an apt description. I am surprised I got sucked in as I have been well aware of that syndrome for decades. I had hoped that after a battering, they'd see the light. I know some will die in their bunkers rather than change their minds. Usually, when the going gets tough enough, even the bull-headed obdurate, arrogant, stubborn types will acknowledge that things are not going all that great and find some fig-leaf to cover a change of plan, rather than simply reiterating, "We are On Plan. Full speed ahead to New York. This ship is unsinkable and I am the most amazing captain on Earth". As an investor, I failed in my job of deciding who are worthy of using my capital to do great stuff. I was suitably punished for my gross misjudgment. At least I predicted their failure, unlike most, and also explained at great length, many many many times what they should do, long before they failed. After they failed, it was very surprising to me that they didn't change their marketing plans in view of the looming disaster. That bordered on insane and I still don't understand it. I don't believe the popular "conspiracy by service providers to do it down". I think it was simply stupidity and bloody-mindedness combined. They are now, finally, a decade late and $1bn short, getting a semblance of the right marketing ideas, though it still remains a struggle for them to get it right. In the USA they are selling at 17c a minute for some "plans" which is some improvement over the intial $3 a minute. They did things backwards. Initially, they should have charged 10c a minute, and not just for huge "Liberty" plans and maybe less than that. Now, they should be charging $3 a minute to try to keep demand balanced with supply [at peak times anyway]. Mqurice