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

To: Tom Murphy who wrote (14660)	9/7/1998 6:04:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

"Europe rules the world's radio waves? " What kind of lunatic statement is that? The outcome is not already evident in China. The outcome will not be clear for a decade or so. Things are just getting going. Japan has only just started cdmaOne. China has been operating test systems and trying a bit of commercial activity - presumably while driving a hard bargain on cost of expansion, training, production, a cut for the PLA, university grants and free handsets for The Party. Europe made the right call? To get stuck with GSM? They must be mad. In case they haven't noticed, they are begging to be let into the cdmaOne and cdma2000 camp. The legacy GSM systems will be like an albatross hanging around the GSM neck. Sure they can convert to cdma air interface, but that is not as economic as starting from cdmaOne. Already the stench of dead albatross is filling the world. China doesn't take its technology cues from Europe. They think for themselves and do what the bosses think is in the bosses interests. Maybe that involves lots of GSM purchases at present. GSM sales reps should not fool themselves that therefore they 'own' [to use the nauseating parlance of some people who think they understand business], customers or markets. Europe isn't calling any shots on the next generation of cellphones which will be able to hook into the Web. They are hoping to persuade Qualcomm that Qualcomm can benefit best by having co-operation from some die-hard losers like L M Ericsson. Qualcomm hasn't cried foul [other than the operation of the SETI organisation's democratic process which marginalizes owners of new technology which has no sales]. Qualcomm has kindly offered to some barbarians the use of their technology for a princely sum. I prefer a Kingly sum, but Qualcomm seems unduly generous with my money and is aiming at low single figures for cdma2000 royalties. I say they should require payment of 7.314159% of revenue for cdma2000 since many more bits per second can be handled and therefore it is much more valuable than cdmaOne. Since competitors are having trouble making even cdmaOne chips and handsets, it seems the intellectual property has been undervalued a little. Mqurice Mqurice