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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 155.82

-1.3%

Jan 23 9:30 AM EST

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To: bananawind who wrote (9866)	4/16/1998 10:02:00 AM
From: Ramsey Su	Read Replies (1) of 152472

Jim, you know my favorite subject is Asia and amazingly enough, the attention is now on Japan. Instead of the stabilizing factor, Japan may now be the destabilizer of the region. The yen is in trouble despite of numerous attempts by BOJ. Yes, Japan has a huge US$ reserve (I think in the $200+billion range) but it may not be enough. They can raise interest rates but that is a double-edged sword that can cut deeper into the recession. Japan is so influential in Asia and I wonder how they can remain competitive in the region. Who can afford to buy cars, consumer electronics, etc etc? If the yen is allowed to free fall, what is going to be the global impact? It is never easy. Ramsey

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