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

To: 49thMIMOMander who wrote (70013)	7/24/2008 1:35:22 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Dear Readers, Ilmarinen's beloved Nokia has been skooshed in the last 24 hours by QUALCOMM Incorporated. Nokia and QUALCOMM Incorporated were to start courtroom proceedings in front of Vice Chancellor Strine, who is a dinkum Good Bloke. The webcast technology had a glitch and during the delay, negotiations continued. Judge Strine suggested they continue and reconvene tomorrow to proceed. QCOM and NOK came to an agreement. QCOM went up $9 a share = 20% in after hours trading. That means people think the deal was a win for QCOM. Nokia shares didn't. It's great for Nokia and Finland though, because their alternative was to pull out of the cyberphone industry and go back to making gumboots, chasing reindeer for dinner and fighting invading Russians. Meanwhile, QCOM results are out and revenues are zooming. Now that legal expenses of $00s of millions will stop, and lack of royalty payments from Nokia will come, the bottom line will expand. Especially as 3G cyberspace surges. Ha ha ha to you Ilmarinen!! Good riddance to the Hagfish slimeball ringleader. All as expected. <NOKIA does want to sell around the world and they need an agreement with Qualcomm. So perhaps they'll agree to be sensible after all and Neelie will then be looking at a just-concluded agreement which will mean Qualcomm was obviously NOT over-charging. That will be tricky for her. When will NOKIA CAVE in? I say the last minute before Judge Strine lowers the boom. NOKIA hopes Neelie will do her thing before then. I forget the timing of the Kroes Klutz Klan's decision process. Like any common garden-variety thieves, they have to grab while the grabbing is good. They definitely won't be offering to share their windfall spectrum profits with Qualcomm who undercharged for the enabling technology. Greed knows no bounds. She wants more! More!! MORE!!! MORE!!! Total dividends to shareholders so far from QUALCOMM in quarter of a century = a few $billion. The rest has gone into more R&D and customer services. Already, just in Europe, governments have collected $100 billion for 3G spectrum, plus taxes on the umpty $billion in revenue, for a total of about $200 billion and the party is just getting going. And they call me greedy? Then there is the rest of the world outside Europe, where Qualcomm's technology is mostly used. Qualcomm has created $trillions in value for people around the world. > Message 24500436 Gung Ho, Mqurice