Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 173.96

+1.4%

Nov 11 3:59 PM EST

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To: Jim Willie CB who wrote (116014)	3/26/2002 6:58:30 PM
From: Art Bechhoefer	Read Replies (1) of 152472

Jim, I don't know what gold has to do with QCOM, unless it means people prefer to buy gold instead of investing in stock. No one has been able to explain satisfactorily why gold prices go up, other than fear of other places to hold money. In Japan, with interest rates near zero, one could argue that gold is better than a savings account. But I doubt that gold can be anything more than a temporary haven, rather than a good long term investment. A Japanese investor could do worse than invest in a growth stock like QCOM. It is, first of all, a dollar investment, made at a time when the dollar is growing stronger against the yen and other hard currencies. It is an investment in a growth industry, where having low cost, efficient wireless communications is an essential part of any growing economy. And it is a well managed company--perhaps better managed than most Japanese companies of similar or larger size. And neither gold nor QCOM pay dividends. Which makes me even more wary of all the gold bugs who just can't resist claiming what a great investment gold is. Art

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