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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 150.72

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3:12 PM EST

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To: nbfm who wrote (392)	7/7/2000 9:47:00 AM
From: limtex	of 197519

nbfm - The move, coupled with the government’s earlier decision to ban subsidies on handsets, is an attempt to alleviate the weight on the country's trade balance. Anyone know the Korean/US trade balance/numbers? 7. April's trade surplus registered $225 million, a steep decrease from the $2.4 billion surplus recorded one year ago. According to Ministry of Commerce, Industry, and Energy (MOCIE) officials, a continued strong rise in import demand combined with an estimated $500 million export loss, (due to auto strikes), an outbreak of hoof-and-mouth disease, and lost production because of the National Assembly elections, caused the sharply lower trade surplus. First quarter exports totaled $39.5 billion, while imports totaled $38.8 billion. MOCIE officials attributed the first-quarter import surge to climbing oil and raw materials prices as well as an increase in facilities investments by domestic firms and double-digit growth in private consumption. The ROKG expects an increased trade surplus in the coming months due to an anticipated drop in crude oil prices as opec members boost production. Best regards, L

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