Ben Gilbert: belief

Transcript context

…They're a big competitor, who's part of a settlement deal of all the lawsuits that popped up between the two companies along the way. They're like, oh, great. We'll sell you our manufacturing [...]. This is basically them looking and saying, I don't think we need that to bootstrap our strategy anymore. I think at this point, we've got enough momentum that we don't need to make our own base stations. We don't need to make our own cell phones. A thousand of the 9500 Qualcomm employees become Ericsson employees. Then they look over at their mobile phone business. One—not fun at the time, but fun now—little footnote on that sale to Ericsson. The employees that got transferred as part of that were so freaking pissed that they lost their Qualcomm stock options. They got Ericsson. I don't think they even got equity at Ericsson at all. They actually filed a class action lawsuit against Qualcomm to get their stock options back.…

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