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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 165.07

-1.0%

Nov 18 3:59 PM EST

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To: Gregg Powers who wrote (14206)	8/27/1998 9:33:00 PM
From: Ramsey Su	Read Replies (1) of 152472

Gregg, hate to be pourer of cold water but I have to live up to my new reputation as chicken little.... hosting friend from HK who just arrived to send daughter to college. They own a garment factory, mainly designer jeans. She said while Europe and US are "OK", Korea and Japan, which was responsible for up to 40% of their business, DISAPPEARED. I asked if this is temporary and what about future outlook? She said there is NO future outlook. She also has never remembered sentiments, business, unemployment etc being ever this bad in HK, including 1982 when the first Deng/Thatcher talks were completed for the handover. In the mean time, the yen is going up against the USD some more. Who is playing what game? I wish I know. The market is going no where, no until the Asian flu bug is wiped out. Ramsey

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