Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 182.19

+3.5%

Dec 10 3:59 PM EST

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To: SKIP PAUL who wrote (6374)	12/15/1997 12:17:00 PM
From: Clarksterh	Read Replies (1) of 152472

Skip - "The US had a similar problem a few years ago" - Similar in kind, but not in quantity. The percent of US bad loans during the savings and loan crisis was 1 or 2 percent of national debt. For Korea and Japan it is much, much bigger. 20 or 30% for Korea, and no one really knows for Japan. In addition, Korea has the additional problem, just recently come to light, that they used lots of short term debt financed in dollars, which are now worth twice as many won. This means they cannot roll over their debt, which in turn means that their economy might well come to a skreeching halt tommorrow. As for the impact on the US and other countries, the problem is that to the extent that the US and other coutries, (mainly Japan I suspect) made loans, these become non-performing loans for those countries. Thus, a domino effect. That is the real concern in my view. Clark

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