Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.69

0.0%

Dec 24 12:59 PM EST

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To: SKIP PAUL who wrote (6159)	12/11/1997 1:33:00 PM
From: Richard Monge	Read Replies (1) of 152472

If Qcom was not hedged properly before this Korean crash nothing they do now will help them. As they translate thier operating revenues and eraning from Korea into U.S. dollars they will lose a substantial amount of money. Also, the slow down in the region is not just a short-term problem. Look for downgrades and earning estimate cuts in the future. Personally, I like this company in the long term, but I would sell now if I had any gains or buy puts for insurance. I bought puts yesterday 70s.

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