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

To: dougjn who wrote (9806)	4/13/1998 4:10:00 PM
From: Maurice Winn	Respond to of 152472

Dougjn, restricted spectrum sales have kept prices up. Governments, like OPEC attempt to create artificial shortages to enhance their tax collecting prospects. $10bn in the C-block. If they sold off all the spectrum, the price would be a lot lower. Australia is holding a limited spectrum auction today. A bit like auctioning air rights - how much to breathe? Keep the air supply low and the price will be high, although there is a huge supply. Same for spectrum. I'd say the price is higher in the USA due to oligopoly pricing in the past with no real competition. 2 suppliers is hardly a frantic market of dog eat dog. That's changing, but will take time because there is a lot of money being spent on networks, which they will want back, with profit. And soon. A conundrum to me too, but I think the basic variables are pretty obvious. If it is hugely profitable - start a cdma provider company in a high priced market. Mqurice PS: Ramsey, pretty pathetic vacation effect. I think the king is not wearing any clothes. And suspect that you are trying to avoid the embarrassing fact that your mother in law berated you kindly about her Microsoft shares and enquired tenderly about your Qualcomm stock price. Yes? For the whole journey, or only over breakfast?