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To: Jon Koplik who wrote (19011)	12/1/1998 10:00:00 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 152472

Jon, this is an investment forum related to QUALCOMM. Since the investment is denominated in $$$$s, it is perfectly sensible to ponder the meaning of "$". We don't need to apologize for wannabeing economists. We should also be opinionated enough to disagree with economists or anyone else; in a reasoned way of course. Politics is fair game too, and even Ramsey has made political comment despite reservations from time to time about politics. For example, if Europeans have the political will, they can put a spanner in the cdma2000 works. We need to think about politics too to be sure of our QUALCOMM investment. Al Gore is almost a patron of The Q! He will probably be the next USA president. Irwin got a Congressional Medal of Honor! That's politics. cdma2000 vs VW-40 is politics and the legal system. Meanwhile, since we are guessing on VW-40 and cdma2000 convergence, I heard a rumour that it might not be all that far away that an agreement with L M Ericsson might be on the cards. And sooner rather than later. The ATI announcement on W-CDMA in Japan lends more credence. Nobody is going to go gung ho on 3G or even 2G until they have some confidence on the direction. Imagine signing a contract for a new GSM network now and before Xmas they announce a 3G deal involving convergence compatible with cdmaOne. So, why don't we simply go ahead, take a wild guess and be the first to announce a converged 3G international standard based on cdma2000, backward compatible to cdmaOne, with L M Ericsson as a licensee. We could even go the whole hog [given that they are cheap and politically important in France and the USA with subsidies being demanded in both] and guess that this will be before Xmas. We can further presage royalties, on fair and equitable terms to all comers of 3.14159%, with a bulk discount of 0.3% if SETI agrees to this by 1 June 1999. This should be announced on, umm, Tuesday, 22 December 1998. At which time the share price will be $80. Mqurice

To: Jon Koplik who wrote (19011)	12/1/1998 11:02:00 PM
From: DaveMG	Respond to of 152472

Jon, The scary part is how well Fleck's argument dovetails with your WSJ article. Just because he's a bad mkt timer doesn't necessarily make him wrong. Jimmy Rodgers who in my opinion has proven he's no dummy keeps harping on about how the FED's job is to protect the integrity of the currency and the banking system, not to prop up the mkt to try and extend the business cycle. If these guys are right then all of this excess money supply will in the end make things worse if it allows more and more unnecessary capacity to come on line, and judging from the way the market's behaving the money continues to find its way into financial assets and may not not be spurring consumption where it matters. And who says consumption should be the be all and end all of economies anyway? Maybe preservation/conservation is in fact more economical. The only thing I'm really sure of is that this is all way to complex for my pea sized brain . I wonder how Q will do if a year or two down the road we're facing overcapacity in cell phones, price wars like the PC mkt. Also if the Andersen consultant is right, who is going out of business? Omnipoint? Sprint? ATT Wireless? Dave