Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: marginmike who wrote (91230)	1/4/2001 1:44:39 PM
From: Dennis O'Bell	Read Replies (1) of 152472

Real estate doesn't enhance productivity the way computer and data communications (fiber optics...) has and these improvements in productivity are not at all illusory. The velocity of money alone doesn't compare today with 20 or more years ago. There's still undeniably been a bubble, but the worst of the i-tulip stuff has been already washed out. I just saw something from Trimtabs to the effect that Tuesday just saw the greatest fund outflows in history! It's that kind of irrational pessimism that needs to be avoided at this point, just as it was necessary to start a controlled deflation of the Nasdaq bubble last spring.

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