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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 154.53-0.8%Jan 26 3:59 PM EST
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To: rhet0ric who wrote (11533)6/16/1998 12:36:00 PM
From: Clarksterh  Read Replies (2) of 152472
 
**OT** - As soon as capital believes that the devaluation has near bottomed out, the rebound will kick in with a vengeance.

While I by no means agree with the complete doom and gloom proposed by some on this board, this is perhaps too optimistic(?) It is going to take a lot more than just a view that the Asian mess has bottomed. For instance, I'd be extremely leary of investing my money in a company where it is impossible to tell the nature of the debts vs assets. I would also be worried about investing more than token amounts of money in a situation which is command driven instead of market driven (would I, as an outsider, get my fair share?). And finally, I would actually worry about my physical safety in a society where shareholder meetings and company investment decisions need to ok'd by the mafia.

American and European companies are having all of these problems and others, and as a consequence are rushing to dip a toe in the water - but not much more. Until the Asian countries make huge cultural reforms, they are going to continue to systemically force the poor allocation of assets and therefore even a flood of new assets is just postponing the inevitable. (After all, much of SEA got huge amounts of foriegn capital, and they are still in a mess.)

Clark
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