Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 179.91

-0.8%

12:05 PM EST

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To: SKIP PAUL who wrote (6374)	12/13/1997 12:12:00 PM
From: Ramsey Su	Read Replies (3) of 152472

Skip, US problem was more than a few years ago. I believe FIRREA was approved by congress back in 1988, about the same stage where Japan is now. Even though I was not actively watching my portfolio during the 80s, I don't remember them being robust years for the stock market, not to mention the infamous 1987 black Monday. I don't have time to do a search but I think the stock market had averaged in the single digit all through the 80s, including the early 90s. As for dislocation in the US Economy, tell that to the thousands of laid off workers in the financial sector. Have you heard the term corporate downsizing? The old IBM "policy" of never laying off employees is about the closest it comes to the Japanese corporate mentality. There will be a lot more bowing and apologies from the Japanese CEOs in the next few months, if not years. Ramsey

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