The New QUALCOMM - Coming Into Buy Range Message Board

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Technology Stocks : The New QUALCOMM - Coming Into Buy Range

QCOM 176.12

-1.8%

3:59 PM EST

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To: hedgefund who wrote (5697)	1/29/2010 8:38:45 AM
From: DanD	1 Recommendation Read Replies (2) of 9132

I think Obama's rhetoric needs to be parsed. I think he was talking about taxing the foreign income of U.S. corporations and his catch phrase was "shipping jobs" overseas to give it a populist sugarcoating. That's a big leap. Overseas profits is not "shipping" jobs, if anything it is creating jobs... somewhere. And in today's world economy, a job somewhere is a consumer somewhere. The administration is not stupid, or as liberal, or as communist as some would paint them, and I am sure that they know that killing profits kills jobs. I don't expect any rise in corporate taxation as part of a jobs initiative. There might even be tax breaks for companies that repatriate capital. That would be the smart political thing as well to get Republicans to break ranks. We'll see. Dan D.

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