Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.54

-1.2%

3:59 PM EST

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To: JGoren who wrote (101916)	7/21/2001 11:40:04 AM
From: limtex	Read Replies (1) of 152472

JG - Europe is getting worse by the week. Japan well ..what more can one say. Asia gets worse as the US and Europe wind down. Major US corporates haven't been saying that expect anything good (except INTC). The only remaining question is on what date the consumer will stop spending. As the lay-offs continue it is now only a matter of time and not much time imho till the consumer works out that he ought to save a little more since the spectre of unemployment is calling. Do you know of any US major that is preparing to meet a new period of prosperity and growth instead of conserving cash in order to survive? No I haven't done a survey but my guess is that to a man they are all working out every drop of expense that they cna cut in order to conserve cash. What we have seen so far has been the pleasant side of the slump, the beginning. IF and I say if it gets worse we get to the stage that all sorts of companies start to run out of cash and there will be NO lenders so the bad side of the slump then starts. Yes I did say IF it gets worse because I don't know any better than anyone else whether it will but I do know that I haven't seen very much if any great forward looking news into 2002, forget about 2H this year that it is now clear was a fiction. My guess is that 2002 will turn out worse than is currently expected and possibly far worse. I will change my mind when I see a few companies start to say that they are experiencing a good pick up in business and they are getting prepared to ramp up prduction/supply. I don't need to see a wjhole lot of this, just some. One swallow doth not a summer make but it will do for me. Meantime I haven't seen a sign of a swallow nor any bird, nor even a moth. All this at the exact time that the Q should have been roaring. The timing is sickening. Best regards, L

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