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

To: John Cuthbertson who wrote (13025)	7/27/1998 7:06:00 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 152472

Hear hear! Thanks John. Also, the way capitalism allocates resources is how me, you, Dave and all the Michaels decide to invest. The implication of Dave's comment is as though there is some 'Capitalism' three headed monster, sort of like 'The Market' or 'The Economy' which is thrashing around, wrongly allocating capital. Look inside your own heads for the level of confusion which capitalism manifests. If the inside of your heads is anything like the inside of mine, it is not absolutely clear that the best place to allocate capital, time, or how much food to eat or sherry to drink are rigid and clear concepts. Some smarties will of course leap on that opportunity to suggest that it is just as well the inside of my head has only a small influence on the way capital is allocated, but I'll ignore them! Also, I don't like the idea that a recession, soft landing, or other terms which mean less production and a reduced GNP are good things to reduce 'overheating'. There is only production. Production is good. People want things. More production is better. A bigger GNP per person is better [assuming real costs of pollution, and future costs such as replacement of cheap resources by more expensive ones are included]. Check out anywhere on earth, including downtown New York in a cardboard box, and a low GNP per person is bad. Which doesn't mean the people there are unhappy, but they would definitely prefer to have a few nifty little gadgets; you can test it by leaving an LPG barbeque system set up and see if they still cook their food in a hangi. 5 will give you 10 that it isn't long before they are firing up the gas. Or flying over the snow on a snowmobile after some poor polar bear. On future cellphone market size. China, USA, Japan, Europe and THEN Brazil. Europe can be considered one market, given the EU bureaucratic, authoritarian approach to standardized beer froth, banana bends, fuel quality and spectrum management. Not to mention currency, political structure, Ramsey Su, cultural norms and geography. Lastly, Philips indisputably doesn't have a W-CDMA licence. I don't think anybody has. Please correct me if I'm wrong. Reflation, inflation, deflation. Can somebody tell me what 'reflation' means please? I guess it means lots of lovely money printing, but we are not going to do so much of it that we cause inflation. Mqurice