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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 163.33-1.0%Nov 25 3:59 PM EST
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To: DaveMG who wrote (14823)9/10/1998 7:45:00 PM
From: Ramsey Su  Read Replies (4) of 152472
 
Dave,

the article you posted is an excellent example of the type of opinions floating out there. While I think it is good to have as much information as possible, we do have to be careful as to what we are reading.

There is no need to analyze your article in great details. Let me just use one point.

Capital is not the issue in Japan. Its problems are related to demographics and tax rates. If Japan's leaders initiate a credible economic plan in the next few months (as we believe they will), the economies of Southeast Asia may grow in 1999.

Whoever made the above statement just told me that he/she is clueless about Japan. I can only assume the rest of the author's opinions are based on equal level of ignorance. The author obviously were never introduced to Jack Schlitt by Northforce.

This article is what I called "noise".

On the other hand, there are two pieces of good information out today, Intel's positive press release and ORCL's earnings report. The answers that I am looking for here are:

1) Is this yesterday's business and not tomorrow's. If yes and the market reacts positively, it is an opportunity to sell on rally. If no, then I will be looking for confirmation that we have hit bottom.

2) Is this unique to the two companies or are they industry wide? If it is industry wide, then the bull camp is correct that US and Europe are immuned to global problems. While the rest of the world crash and burn, we should be on course for record breaking growth.

In the mean time, I remain sincerely, chicken little.

Ramsey
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