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Technology Stocks : Ericsson overlook? -- Ignore unavailable to you. Want to Upgrade?

To: sillen who wrote (2448)	12/19/1998 2:04:00 AM
From: straight life	Respond to of 5390

A number of Ericsson contracts around the world were awarded on a non-compete basis, investigations are currently underway looking into them and yes I suspect bribery frankly. Yes lying; for years ERICY was spreading derision on CDMA, saying through their various organs that it wouldn't work etc (check: siliconinvestor.com. Now that it DOES work, and works so well that GSM is effectively obsolete, we have new and improved vaporwear whose specs are locked in stone one day and then changed willy-nilly the next. ERICY coming out with a new chip rate that still doesn't match QCOM's and therefore cripples both of them from a harmonization standpoint; yet they're trying to take the credit for "compromising". Reminds me of a characterization of Republicans I heard once: if you were drowning 15 feet off shore, they'd throw you a 10 foot rope and then proclaim that hey, they'd met you more than half-way, right?

To: sillen who wrote (2448)	12/19/1998 9:56:00 AM
From: marginmike	Respond to of 5390

Im curious what is Omni-tracs,GSTRF,and ASICS chopped meat? Besides QCOM does have an INFASTRUCTURE business. It's just in its infancy!

To: sillen who wrote (2448)	12/19/1998 10:20:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 5390

Sillen, did you hear that two L M Ericsson employees were arrested in Mexico, along with some Mexican officials for some alleged inappropriate tender procedures? That tends to mean some sort of financial naughtiness with pecuniary advantage to both the officials and the supplier. Perhaps not personal advantage to the L M Ericsson employees involved, but advantage to L M Ericsson by way of getting the orders. But it might have been simple criminal bribery and corruption. We find out after the court cases. Now the lying part. Did you know that QUALCOMM is bringing a case against L M Ericsson because they were telling porkies to customers with the intention of dishonestly gaining a competitive advantage? The case has not been heard yet. So we don't know that the people were guilty of a crime yet. But one can be quite dishonest without being illegal. Even Bill Clinton admits that he was trying to mislead everyone over Monica. That is lying, though perjury requires a tighter definition and being pedantic, it is perhaps true that he did not lie under oath. Lies and perjury are two different things. Did you know L M Ericsson denied for years that CDMA could work in mobile, with a consultant of theirs by the name of Bill Frezza running a discussion for a couple of years with a view to destroying cdmaOne? L M Ericsson now claim to have invented it way back in 1989 and to have been creating CDMA and their VW40 version of QUALCOMM's system since 1990. L M Ericsson said CDMA was too late to market and a whole lot more. Their agent Bill Frezza claimed Irwin Jacobs and IS95 was a fraud. Anyway, there was a lot more too. QUALCOMM is dealing with the situation. They are proceeding with cdmaOne and cdma2000. L M Ericsson is whining in the background, cutting their chip rate, which couldn't be cut. Trying to persuade Eurokleptocrats to back them and help stop cdmaOne and cdma2000 from making headway in Europe. QUALCOMM has been acting 'business smart'. They are doing extremely well. Check their revenue and profit graphs. Check their staff numbers and R&D budgets. Count the subscriber growth figures. Check out Wireless Business Systems [nee OmniTRACS] revenue and subscriber growth over the past 14 years. Count the ASIC sales. Check the competition in cdmaOne ASICs. Add up the royalties and see the growth. Count the licensees year by year. Look at all the joint ventures. Microsoft has joined with them on WirelessKnowledge which MSFT says is a big deal! There's more too. Q! doesn't really need L M Ericsson at all. If L M Ericsson simply disappeared from planet earth today, it wouldn't damage Q! at all. It would probably even help, but Q! has got its business so well set, that it is probably neutral either way. It's good if L M Ericsson finally agree to buy a licence to produce cdmaOne and cdma2000. It's fine if they don't. The other licensees won't have any trouble filling the gap. The fact that L M Ericsson has a much broader business base is not an advantage. If they crash on mobile, which is looking increasingly likely, then having some radar and microwave systems to carry on with won't sustain their revenue, profits, staff [already huge cuts announced], capital base and they will dwindle to a once upon a time also-ran. QUALCOMM could have sat back on the invention of IS95 and collected some royalties, but they decided to see how far they could go. So far it has been a very long way. Some people think they risked too much by taking such a challenge. But you only find out how far you can go by taking very carefully calculated risks with the ability to back you up.