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

To: jackmore who wrote (144811)	9/7/2006 7:40:41 PM
From: Maurice Winn	Respond to of 152472

I know almost nothing about how QCOM manages their legal department, but I know a runaway cost opportunity when I see it. The best approach to lawyers is to avoid needing them. They don't make the photons phragment better or convince customers that it's a great idea to use mobile cyberspace powered by BREW. But like an accountant to handle taxes, you have to have them to ensure contracts are good, laws complied with, patents enforced. It's important to avoid the transition, which is almost inevitable, from hot-stuff engineering and making it happen, to corporate administrative bureaucracy and the usual profligacy and waste. It's also important to avoid hubris-driven mega-mistake by management such as the Strategic Investments carnage seems to have been. Having a dirty great pile of cash, and sensible, thrifty behaviour, is contrary to the instincts of 80% of humanity. It will soon be forgotten that the money belongs to the shareholders, and all the corporate hyenas will be snarling at each other, biting off as much as they can to boost their gang and empire. In the excitement of victory, it's important to keep a level head and mind the till. Remember that for the cost of one lawyer, a brilliant young prospective engineer [or 10 in India, China and Vietnam] can be hired. Certainly, good agreements, licensing contracts and litigation is needed. But it doesn't bring in the customers. Mqurice