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

To: bananawind who wrote (11793)	6/25/1998 2:01:00 PM
From: John Cuthbertson	Read Replies (1) \| Respond to of 152472

OT: Trade Jim, You'll notice that I did not specify how we should "punish these nasty folks;" it should be in whatever way is most effective at the least cost to us. Unfortunately, economic theory won't help us here, as this is a question of politics! <Mg> ( = <Machiavellian grin> ) ==John

To: bananawind who wrote (11793)	6/25/1998 3:46:00 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 152472

*OT - in a way* Jim, you have got it, in the local idiom, arse about face. NZ is the Free Trade zone = we don't dump, we sell at market rates. The USA is the protectionist glasshouse from which Reed and others throw stones. NZ prices are much cheaper than USA prices because the USA farmers are 'protected' = their land price is higher than it should be. You are damaging your Qualcomm exports by paying your greedy farmers too much money instead of dinkum Kiwis a smaller amount. Unfortunately for Qualcomm, the farmers in the USA won't buy lots of Qcom phones since they only need one. So you give them $400 for your year's supply of beef and they buy a phone and a jug of hooch. If you gave a Kiwi farmer $200 for the beef, they would buy a phone and YOU could buy the hooch [or a phone if you liked]. But I agree with your sentiment in that I don't want NZ to stop USA exports to here simply because the USA won't allow NZ's there. If the USA sells the cheapest and best of something, we'll still buy it. As John says, that's a shame for both as both miss out on good deals. If we can't sell to USA, it restricts what we can afford to buy. So, no, you shouldn't punish us nasty Kiwis - it is your greedy farmers who are the problem. You are already not letting our goods across your borders! You voted for it. You voted for expensive lamb chops and a poorer Qualcomm. Meanwhile, Koreans love our stuff [not the lamb chops so much] and we love their cheap cdmaOne products. So we'll deal with each other and Qualcomm [=me] will collect some royalties - though they'll sell little else. And your greedy farmer will soon sell nothing. That's the way I see it. Fortunately, the USA trade barriers are relatively low, so it isn't a big problem. Meanwhile, cdma2000 will be fait accompli via 500kbps cdmaOne upgrades and GSM will be overlaid a la Newbury. All good fun. Mqurice PS: I agree on Iraq that oil isn't the only variable. Israel is keen to maintain USA and UN support and protection. Since Israel bombed Iraq's nuke attempts in 1981, many have been keen to avoid Iraq getting too powerful - especially in the nuke and chemicals fields. A happy confluence of benefits - keep sanctions on Iraq, keeps Israel sweet, stops the oil flow, keeps Exxon, Saudi et al balance sheets happy. Have you noticed the tone of news reports = if crude oil goes down, it is a bit of a worry, if up, then 'prices are recovering'. The tone is that higher prices are good. They are not. While the linkage might be obscure to many, high oil prices means you pay more to fill your car with gasoline and can buy fewer cellphones and less hooch. I can assure you that when Indonesia invaded and annexed East Timor, which didn't have oil, there was no great pandemonium and oil sanctions against Indonesia. The moral high ground against Iraq is simply because of oil and Israel. Crony capitalism is the word. Let's get a decent UN constitution and check nukes and VX in a few countries other than Iraq. Namely all of them. Meanwhile, heard on the wires: "The US economy roared ahead even faster than previously thought at the start of 1998, the Commerce Department said on Thursday, expanding at an annual rate of 5.4 percent during the first quarter for the strongest growth in nearly two years." See, New Paradigm RULZ OK! Dow 16000, Feb 2002 Qualcomm $90 this year.