Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.01

-0.3%

Nov 14 9:30 AM EST

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To: marginmike who wrote (36865)	7/22/1999 7:15:00 PM
From: limtex	Read Replies (2) of 152472

mm- Well at least now the mask has been lifted from old G and we have seen what's underneath. 1. 'We will act forcefully at any or the first sign of inflation' 2. Unjustified euphoria of recent rises in the market. Why was it necessary for him to state that he would act against inflation? What was the word "forcefully' for? Isn't it his job, indeed his only job to act against inflation? So why use such colorful and torrid language? 'Unjustified euphoria"? Is he an expert in valuation? Aren't markets supposed to be the best judge of valuations? How on earth does someone decide that the valuation of a stock, the fundamentals of which he has admitted that he hasn't a clue about, is too high. The real question is this:- Is Mr G saying all this: (a) just to let some steam out of the market or (b)does the recent rise in the market actually just really annoy him? While he was spitting his carefully crafted invective he must surely have been aware of the damage his vituperative hissing would have on the savings and net worth of millions of people? Best of all he says admits that there is no sign of inflation and that its lack while the economy has been delivering high growth is due to the "accleration" in the rate of productivity. This "acceleration" he says cannot continue. Why not?...... Because it just can't ; everything he has been taught tells him that. Mr G just can not grasp that what he learned isn't necessarily true today. Maybe the rate of productivity increases will continue in the economy. As it happens I would be surprised if they didn't. In fact I would bet that the technology advances we will be getting the next five years will be a whole lot bigger than the tech advances we had not only in the last five years but in the last twenty five years. What was that expression ....'the learned prepare to fight the last war and the learners ....." Someone pls help me out with the expression. Anyway I hope he is satisfied now that he has given the market a real kick in the guts. He does this more or less every time he goes up to the hill. As if investors didn't have enough to affect their decisions they also have to work with this kind of mischief as well. Best regards, L

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