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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.09

+1.8%

Nov 28 9:30 AM EST

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To: Ramsey Su who wrote (9886)	4/16/1998 9:49:00 PM
From: dougjn	Read Replies (1) of 152472

Ramsey, I agree that Korea is doing the right stuff and is coming back pretty well. Japan has enormous strengths, not least of all its work ethos and social cohesion, and it will be back big time. But they do have a U.S. 30s type problem these days. Too much scared saving. Too little spending and investing. They have to address those problems, in a big way. It won't be so easy, cause their post war prosperity was based to a large degree on huge savings, and American and rest of the world spending. Now they find that they are just too relatively big to live on that alone. Have to stimulate their own consumer society. More. Indonesia strikes me as a real mess. Taiwan in pretty good shape, quite entreprenurial. Korea willing to learn and adapt, and it luckily had a truly reformist democrat in the wings and with lots of hard won stature just at the moment of crisis. Far from problematic, I think the timing of the recent election was very fortunate for Korea. Of course that is only my outsider's perspective. Regards, Doug

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