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

To: dougjn who wrote (9920)	4/17/1998 8:33:00 PM
From: JMD	Respond to of 152472

doug, first of all welcome back as a Q long, I know you never 'spiritually' bailed out and must confess that my own heart went pitty-pat in the days and weeks following Black Thursday. Then Ramsey tossed in one of his infamous vacations and things really looked bleak. Finally, I got in an argument with some dude on some thread and he did one of these really cute chart comparison thingies, hyperlinked of course, with Ericy and the Mighty Q, which graphically (pun intended) showed that whatever the merits of GSM/CDMA the Ericy boys were just kicking our butts in the making money department which is kind of where the rubber meets the road in my book, so big time bummer dude. But hope springs eternal and I guess I come out of the tunnel feeling stronger about the Q than ever. In the last 18 months, the stock's been on a roller coaster going nowhere, so okay let's just admit that and go on. Traders could have made a pile, but me not trade--did however buy on bleakness so my average is about 46/47 which seems okay. Not great but O.K. If we're right on this one, the play is much larger than the last year or so and the mid-40's or the mid 50's are irrelevant. We got great management and great technology and their licensing the living bejeesus out of it (thanks Gregg for destroying my Q is Apple fears), and I'll be damned if I don't think that the satellite trick will be the final nail in the coffin for GSM. BatWing is gonna use CDMA for 2nd gen I* and in the zillions of pages of b.s. flying, that's a biggie. You want one world global telecom? Get on the CDMA bus. End of report. Last, my Japanese friends (and there are many). I never, ever meant to imply that I thought these great folks were headed for hell and damnation. I do not back down from my decision making paralysis thesis however. The good news seems to be that the really big companies in Japan (who are in the forefront of international competitive struggles) ARE starting to get it, even if their politicians/bureaucrats are not. It may be the Grant article cited earlier which quoted someone as saying that the Japanese economy was an "industrially superb" machine saddled by an inept bureaucracy. It occurs to me that the Clinton administration might well be remembered for what they DID NOT do (i.e., what with zippergate and all, the economy just kind of ignored the beltway and got on with business--no new initiatives, congress paralyzed, hooray!) Well it's Friday and there's the weekend rant. Mike Doyle