Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.81

-4.1%

3:59 PM EST

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To: Jon Koplik who wrote (11983)	7/3/1998 5:59:00 AM
From: Maurice Winn	Read Replies (2) of 152472

Jon, Re: "To anyone who hated economics and/or thought it was boring, and wishes we'd all get back to discussing Qualcomm -- sorry. I have noticed that the weekends can get kind of slow here." Don't worry about that - the Asian crisis, which is economics and politics, seems to have had the dominant effect on Qualcomm for the past half year, so no apologies in order. We need to understand all that stuff to manage our Qualcomm investments properly. And how about a decent rant on interest rates? When will people realize they need a LOT more than inflation rate plus 3% to make money by lending? This being because the rapid decline in prices due to rapid increases in efficiency means there should be deflation. When butter, wheat, steel and sulphuric acid were the world's major products, prices were more constant. But electronics and most other things are dropping in price rapidly thanks to rapid gadgetry improvement. A calculator used to cost the same as the whizz bang computers do now. A car takes not much of a year for an American to work to buy one compared with 30 years ago. So interest rates need to be maybe 15% above inflation to retain relative value compared with the DOW. As you know, they are way below that. So cash holding turkeys are being eaten alive without shooting and roasting. [I've been reliably informed that 4 July is Guy Fawkes Day, not Thanksgiving, but I"m happy to step up to the platter with my mixed metaphors anyway and have a field day.] The Dow is going to 16000 Feb 2002. Note the accuracy! Mqurice

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