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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 182.22

+3.5%

3:59 PM EST

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To: Dovi who wrote (6542)	12/18/1997 11:53:00 AM
From: dougjn	Read Replies (1) of 152472

What happened in Nov. is not the issue. Effects of Korean austerity drive should start showing up in Dec. results....although Dec is nearly all "cultural" .... people worried, showing solidarity by saving and not spending (they think), etc. All over the NYT again today. It won't be 'til next quarter that real economy effects start to be felt, and prob. won't peak until at least 3rd Q. (By which time the Korean stock mkt might be rallying.) I.e., people don't get laid off en mass immediately. Companies don't complete slashing expense account policies immediately. Etc. Doug

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