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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Timothy Liu who wrote (36813)	11/18/1998 9:51:00 PM
From: Ilaine	Read Replies (1) \| Respond to of 132070

Tim, do you have an opinion as to how the QCOM - ERICY confrontation will shake out? On the QCOM thread, it seems the consensus is that QCOM will prevail because of superior technology, but tell that to Sony (Betamax). CobaltBlue

To: Timothy Liu who wrote (36813)	11/18/1998 10:55:00 PM
From: Giuseppe Scalamogna	Respond to of 132070

Certainly that's been the case for the last century or so...and you're right, there is too much at stake for U.S. companies to wave the white flag. As Keyenes said...in the long term we're all dead...but I wouldn't bet on the U.S. carrying as much weight in 50 years or so. I'm not sure of actual statistics, but I believe the European trading block is the largest in the world and it wouldn't be difficult for them to surpass the U.S. in GDP...China could well achieve that in 10 years. It's really hard to put things into such broad perspectives but anything is possible. I think the U.S. is still a great place to invest but I don't count out everyone else...Through the first part of this year, several European markets were significantly outperforming the U.S. for good reason. I agree with Mike's piston analogy. We're currently on the way down...Asia and Europe on the way up...of course this could take a while to play out...but I think many of the pieces that would support this scenario are already in place. Regards GS