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

To: Jim Lurgio who wrote (7223)	1/18/1998 7:34:00 PM
From: gdichaz	Read Replies (1) \| Respond to of 152472

Show must have been sponsored by Erricson et al - GSM uber alles.. Or a "public service" [sic.] Or much more likely the company was not Q at all but a company with a similar name. Will be interesting to find out. Anything can happen in the good old US or A on TV.

To: Jim Lurgio who wrote (7223)	1/18/1998 7:50:00 PM
From: Snowshoe	Read Replies (1) \| Respond to of 152472

>>Did anyone watch the TV show tonight that was about three hours long and used QCOM as an example?<< The 2-hour show is part 1 (of 2) of a PBS special titled "Surviving the Bottom Line With Hedrick Smith". See: pbs.org Part 1 had two one-hour segments: The first segment was about failing companies that such as Sunbeam that get worked over by "Chainsaw Al" Dunlap, and was rather gruesome. The second segment was about the changing economy of San Diego, and had extensive references to Qualcomm. It depicted Qualcomm as a highly successful company that is somewhat heartless regarding the use of temporary employees. It seems that a lot of people desperately want to work for Qualcomm full-time.

To: Jim Lurgio who wrote (7223)	1/18/1998 8:44:00 PM
From: brian h	Read Replies (1) \| Respond to of 152472

Jim and all, That was an old story regarding QCOM had to (definitely must) fire those temp. employees. The firing had caused QCOM dropping from $66 down to $42 at the time. Because Wall Street analysts feared that QCOM phones demands were down, etc. It turned out Sprint and/or Primeco needed QCOM to produce dual-band and dual mode phones for covering the uncovered regions of the current PCS system build-outs. It was a business decision. Any businessman will do that in this instance. What do we expect QCOM's management to do? Kept those temps to exercise under San Diego's sun? It just proved that what Chuckj's claims about wellfare state at QCOM was a big joke. This management has been in business for 20 years. Those Wall Street juniors think they know better? Well. I am one of those juniors (age wise) try to learn something from these guys. They are tough. Good luck to all. Brian H.

To: Jim Lurgio who wrote (7223)	1/19/1998 9:32:00 AM
From: qdog	Read Replies (2) \| Respond to of 152472

This Jim is happening alot in the US and in particular in the south. Temporary employment has been a issue in the UPS strike. UPS is a big abuser, if you will, of temporary or part-time employment. Compaq uses temp a great deal in the Houston area. Not sure about Dell, but I believe that they also are doing the same thing. Look at office work, ever heard of Kelly girls? So its not new. It is an issue of unions/liberal thinking that it is wrong. But then what is the difference from say the auto industry outsoucring alot of the parts that go into their cars. Instead of them paying $20/hr to full time employees, they buy from companies whose employee cost is $15/hr or less. Or worse yet, from overseas. Ever change a switch in a Bronco for say raising/lowering the back window? I have and the switch has on it "Made in India". How many electronic components have you seen in electronics stamped, "Made in Mexico" or "Made in Malaysia"? You and your friend being from the north and union dominated, probably has a dim view of it. I'm not especially fond of it myself. As coporation are forced to maximize shareholder value, they are forced to pare cost. The oil patch is using more and more temporary employees at the wellsite, such as company men, geologist now. By using temps/part time employment they reduce overhead a great deal. The other solution is to go overseas, such as Motorola. So pick your poison. Manage money or manage people.