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

To: waitwatchwander who wrote (11186)	6/5/1998 2:09:00 PM
From: Caxton Rhodes	Read Replies (1) \| Respond to of 152472

From an attendee of the congresional hearing fromthe yahoo thread: 1. I saw no cameras in the room. There was a court reporter so it may be possible to get a transcrip. The room was full, standing room only. There were 5 Reps, athought 4 left early. The Chair seemed somewhat supportive of Q. She indicated it was a very important matter, very technical and complex and she wasn't sure how much she could retain. 2. The Va. Rep. shows that the panel is mixed, divided and perhaps uniformed. 3. ERICY was weak but did OK at muddying the waters. I recall he said something about the new std. should be compatible with cdma, but, taken in context, I felt the statement was designed to show Congress that ERICY is not opposed to anything, cooperative and reasonable so congress doesn't have to worry - no problem. Other actions and statements say the opposite. 4. There was about 1 hour of Q&A after the presentations. As an example of tension, in one exchange, a Congresswomen from Calif. asked Q if there was a barrier for them to do business in Europe. Q say "absolutely". ERICY says "that's not really true, Q does business in Russia and the Ukraine which everyone knows is a part of Europe. I was pissed. A congresswomen from Texas tossed up a few soft balls for ERICY. A Congresman noted that there seemed to be some subterrainian issues and hidder agenda at work. 5. A congressman asked Q if they had been working with the State Dept. on this issue. Q said if effect, not yet really. I have one or two other thoughts to share but I must do that later. Hope this gives some of the flavor.