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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (103789)	11/27/2013 12:05:53 PM
From: Maurice Winn	2 Recommendations Recommended By average joe Gemlaoshi Read Replies (1) \| Respond to of 218074

No change there TJ. We all know mainland China is a seething cesspit of theft and corruption. You can't deal with people like that other than with cash before delivery, cash on the barrel-head. They'll steal anything they can get their paws on. As long as China is happy for the other 6 billion people to take Made in China things without payment it looks like a good idea to rob Qualcomm: < they will certainly be helping their home country towards a long-held ambition, to loosen the dependence on western patents as China builds its own mobile standards and industries. With an echo of South Korea's moves towards mobile self-reliance in the previous decade, China is becoming more willing to probe the business methods of companies which hold the upper hand in key technologies. Thus the action against Qualcomm epitomizes the new thinking. China's National Development and Reform Commission (NRDC) has started an investigation related to an anti-monopoly law, the US chip provider confirmed, though details are confidential and Qualcomm says it is unaware of any actual charges, but will cooperate with the probe.> Decades ago, the Koreans were whining like a fleet of 747s about the royalty rate from Qualcomm, which incidentally was about 5% for CDMA compared with the 16% they were paying for GSM which was only a third as good as CDMA from a spectrum efficiency point of view and only 1/40th as good as Qualcomm's all singing and dancing, with bells and whistles OFDM. Nearly free wasn't good enough for the unappreciative Koreans. Qualcomm offered them the same terms China enjoyed [some 2% for locally used CDMA and 7% for exports]. Korean declined the offer, having whined about the 2% they knew China to be paying. Korean has gone on to earn a stupendous fortune from CDMA/OFDM while Qualcomm gets a derisory payment, so small that few people have heard of Qualcomm but everyone knows Samsung. Now the Made in China people ware whining like a fleet of Koreans. Being less civilized than the Koreans, they will like just steal the intellectual property as they did with TD-SCDMA, which they called locally invented in the same way that W-CDMA was "invented" by a cabal of European ring-fencing price-fixing hagfish swindlers. When people lack imagination, ethics, morals, appreciation and creative effort, together with other Virtuous Victorian Values, then robbery and theft are appealing ideas. But being a subset of evil, they are mere parasites on the good, so can never be as successful as their host. They are the entropy to the Good's enthalpy in Financial Relativity Thermodynamics Theory. By coincidence, yesterday I was dropping off some papers at my lawyer's office and noticed Huawei's Auckland office on the same floor of the downtown building. I'm dealing legally with a Made in China swindler company and individuals. Huawei has provided 2degrees with their GSM network and will no doubt supply the latest and greatest technology too, with full royalties paid to Qualcomm because otherwise Huawei's business in NZ would decline. The USA is less friendly to Huawei so perhaps the Made in China anti-"monopoly" is a response to that. Qualcomm of course has no monopoly, unless one defines the "monopoly" so tightly as to exclude all other competitors. Irwin Jacobs and the team decades ago realized what swindlers they were dealing with in China so gave them a two-tiered advantageous royalty rate so that local production could be done at only 2% but exports would be at a higher rate of 7%. Since China was concerned about China, they liked that deal. No doubt Qualcomm would be happy to give them Korea's royalty agreement. If in the meantime, China would like to pay the duly agreed royalties, it would be appreciated. As you know, China is Made of Theft, and melamine, so getting them to comply with royalty agreements and recognize patents involves a lot of entropy. <Another relevant factor is that China Mobile currently pays limited patent fees to Qualcomm because TD-SCDMA has been ruled not to be covered by the US firm's patents. > They copied the Qualcomm Ferarri, put a locally produced new coat of paint on it, said "Hey, it's not red, it's blue, so we owe you no design payments and can you please cut the price of the motors you deliver to us while we try to figure out how the heck those whizzy bits go round and round so we can make them too". But what can you expect of such low VVV people? Notice that the QCOM share price has not budged and is in fact at a decades-long high. I am not in the slightest surprised by the news of patent theft, and the news has been priced into the QCOM share price for years. It's a bit of a yawn. Yes, the cash flow from China could evaporate. It was surprising it lasted as long as it has, albeit with swindling galore going on so the cash flow was already attenuated. What can you expect? Plus ca change, Gung Ho, Mqurice