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To: Ramsey Su who wrote (9915)	4/17/1998 6:05:00 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 152472

I see in this thread another QCP820 conked out with a similar sounding problem to mine - keyboard conkout. Which I should report is being remedied by Qualcomm sending me a replacement. "Worn out" is not the right description. Mine had hardly been used. Japan seems fine to me. Nikkei at the same level it's been for a few years. Unemployment hardly a major issue at 3.5%. Plenty of US$ reserves - as Synchro rightly pointed out and few ever seem to notice, they have delivered mountains of products and banked the dollars. Now they have big spending capacity. And they are buying. cmdaOne systems for a start. Unlike factories and other producers which go bust, it doesn't matter too much if property companies go bust - it is just a matter of a few lawyer fees and the mortgagee takes over. Even the odd car company going broke is no real problem. Hyundai decided to bail from Globalstar and gather some cash - maybe sell off some shares or assets. No interruption to production. Toyota is doing fine. So is Sony. The politicians and bureaucrats and middlemen will come a gutser, but that is not a disruption of production. That is good. Less drag on the productive enterprises. Which meanwhile, can enjoy lovely cheap crude oil. Part of the new paradigm is that money moves fast over floating currencies and borderless borders. Ownership can change fast with low clearing costs. Problems arise quickly and get solved quickly. Japan and USA are printing money like mad [part of the new paradigm - money is not linked to gold anymore - it floats on a political system]. Bad for lenders, good for borrowers due to heavy dilution of their money shares. Everything is looking good. Remember, unemployment in a real depression - the 1930s - was around 30%. Maybe a bit less. 3.5%, up from 2.5% is hardly an international disaster. Anyway, Japanese are aging. Why should they work so hard? They've earned it, now rest on the oars and enjoy life a bit. My Japanese 'son' Aki is not planning on being a 15 hour a day salaryman. They have lots of investment - burn a bit of cheap kerosene in a JAL 747 and take a holiday in the Bahamas. Mqurice

To: Ramsey Su who wrote (9915)	4/17/1998 9:00:00 PM
From: brian h	Read Replies (1) \| Respond to of 152472

Ramsey and all, What do you guys think when Mr. President visits China in June. Besides satellite technology transfer what else could have happen? A push for QCOM's CDMA technology (phones and infrastructure equipments) sale to China in exchange of trade deficit reduction? I believe that MOT got a big help a couple years back to enter into Japan's telecommunication market from US trade representatives. So were ERICy and NOKA from their respective governments helping them enter into China's market. Or it is just my wishful thinking? Brian H.