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


To: Maurice Winn who wrote (14886)9/11/1998 5:55:00 PM
From: dougjn  Respond to of 152472
 
Hey, Maurice, ridiculous or not, it was one of two factors that ruled the market today. (The other being the good Intc/Orcl news.) And was one of the two factors ruling it the prior two days. (The other being Brazil.)

It's gonna keep being important for at the very least a few more market days.

I think it may then end up a lot less important than previously thought.

Hopefully. (Unless one is a Bob Bennett Gave-Moral-Decline Republican.) Me being a live and let live quasi-libertarian independent.

Doug



To: Maurice Winn who wrote (14886)9/12/1998 3:18:00 PM
From: Greg B.  Read Replies (1) | Respond to of 152472
 
Maurice,

I am much more a defender of individual rights and capitalism. A fan of Rand, though I do not consider myself an Objectivist.

Rand and others (Piekoff) were unsuccessful in implementing her ideas into existing political systems. More recently with respect to the business transformation movement, Gore did a great job of protecting the existing U.S. system in his "re-inventing" government movement (actually Osborne and Gaebler wrote the book), when Fortune 500 companies were engaged in the "re-engineering" craze brought spearheaded by Hammer and Champy earlier this decade.

But in my opinion, re-inventing the American political system requires re-examining the notion of voter representation, and how the structure is established to reward solving the problem, not reward a politically driven compromise that fails to solve the problem and becomes a waste of time and taxpayers money. (Kind of reminds me of how the process surrounding the specification of W-CDMA could be improved in the future.)

Although the House Judiciary Committee is ultimately responsible for determining whether impeachment hearings shall commence, it seems the House decided it was better to make public both sides of the case. Such is the power of the internet, especially when no one in the House wants to be accused of engaging in partisan politics. ...So much for way in which our political system is re-invented. <g> (Anyone who suggests "let the marketplace" decide concerning harmonization of W-CDMA and CDMA 2000 had better be careful using this tactic in the future. Somebody might actually frame a ballot honestly and put it to a vote!)

I was merely pointing out that Clinton's fate is in the hands of the nation's moral leadership, knowing full well that the House Judiciary Committee looking at each "impeachable" offense for any black and white violations. Congressional members are taking the popular opinion under consideration, because each impeachable offense could be debated legally. (There is a clear semantic, and therefore, legal distinction between "telling the truth" and "being honest". Ercisson seems to walking that thin line too with regards to Qualcomm's IPR rights.)

In this context, it was interesting to watch on News Hour last night a "Good Priest" and "Bad Priest" debate on whether the President should be forgiven for his sins. Needless to say, the "Good Priest" was arguing for forgiveness and appeared to win the debate. The outcome: no one could be a perfect leader, but there remains a concern that Clinton will continue to misbehave.

Time will tell if the strategy and tactics worked. My guess now, subject to change based on the popular opinion, is that there should be little impact from this issue in the short term on the price to buy Qualcomm shares, unless some overreacted a bit the past few days.

Regards,
Greg

Doug, just read your post. If Clinton survives, he owes thanks to the media and Ken Starr to sensitizing the public to the final report. I hear that many are thankful this investigation (read charade) is over.