Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 137.34

+0.8%

Feb 6 9:30 AM EST

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To: Uncle Frank who wrote (35828)	7/19/1999 5:58:00 PM
From: Morgan Drake	Read Replies (1) of 152472

I seem to remember a component shortage of gasoline about 25-26 years ago. I think the component was called Saudi Arabian crude oil. I think somebody made a TON of money on this shortage. I think the Saudi's and their American OEMs (Exxon, Mobil, Chevron, etc.) ended up making so much money that the U.S. Govt instituted a "Windfall Profits" tax. Bring on the shortage. That only means that demand is far outstripping supply. Last time I checked, prices only go one way under such circumstances...up. Q will still get CDMA royalties from licensees. The market will figure this out in the a.m., CNBC notwithstanding. Morgan

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