Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 178.28

-1.7%

3:59 PM EST

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To: Keith Feral who wrote (94177)	2/22/2001 8:28:41 AM
From: limtex	Read Replies (2) of 152472

KF - There appear to be growing concerns about the ability of some the big Euro telcos to raise even more cash to shore up their balance sheets. As the recession deepens it is bound to hit Europe. It is only a matter of time. There is now doubt being expressed about the pricing of BT's wireless spin-off. It seems incredible that the major euro telcos could have got into this position but they are carrying quite big debt on their balance sheets and going into a full blown recession or what looks increasinly likely to be a good deal worse, borrowing even more may not be an option. We are not in normal times. There is a selling panic in full swing and this morning we've got Turkey and next week who knows what. This kind of environment has produce a risk reward ratio that is all wrong. You cna't expect peoplle to invest in anything except US treasuries when you get an announcement about earnings after hours that can cut your investment in half or by a third. That isn't even gambling any more since there is no tangible upside if they do very well al la NTAP. Who wants odds like thart and so as long as it continues people will be geting out as they clearly are no a daily basis w-cdma or not. Best regards, L

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