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: limtex who wrote (66936)	2/15/2000 8:48:00 PM
From: RocketMan	Read Replies (3) of 152472

BH= Berkshire Hathaway. As it happens I don't think that Mr G wants to destroy the market or any part of it. I don't think he understands some of the tech issues ( who really does?)and he has said that he doesn't understand the new dynamics of productivity gains. I agree, which is why I say the man is dangerous and does not belong in that position. If he wanted to destroy the market, and acted that way, he would be out in a minute. But he is trying to help the economy the only way he knows how, and does not understand the tech issues and the dynamics that you mentioned. Nothing more dangerous than a bumbling bureaucrat trying in a good hearted way to meddle in a complex, dynamic, market that no one understands. Best to leave it alone. If it goes way up, or pulls way back, let it. It will eventually settle at a fair market value. Oh, margin debt is another bogey man. It is high in absolute terms, but not that high (historically) as a percentage of total market cap. And it is the institutions that are using margin to hedge, not the little guy. Either Barron's or the WSJ had a writeup on that.

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