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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 154.12

-3.3%

Jan 20 3:59 PM EST

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To: Caxton Rhodes who wrote (8295)	2/9/1998 9:59:00 PM
From: Ramsey Su	Read Replies (4) of 152472

Caxton, just as I thought Korea was on the mend, with the union agreeing to allow Korea Inc. to layoffs, things changed overnight. The rank and file rejected the offer. I think the union boss resigned and now they are talking strike as early as this weekend. The last time Korea had a widespread strike, it cost Korea Inc. billions (wasn't it against Samsung, anyone remember?). Hate to say it but if Korea has labor problems, they won't be buying too many cell phones in the mean time. Ramsey

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