Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.09

-1.8%

3:59 PM EST

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To: Joe NYC who wrote (16182)	10/8/1998 12:35:00 PM
From: dougjn	Read Replies (1) of 152472

Yeah, except the latest reads we're getting on the dollar/yen meltdown is that its mostly distress, or semi-distress hedge fund unwinding. And that Japan inc. got out first. My guess is that Japan Inc started repatriating first, the hedgies got wind, and hit the eject button. Both Soros and Julian Roberston's fund (Tiger) were supposed to have been doing this stuff the night before last. But yes, a low dollar doesn't help Japan Inc., either in terms of their assets, or in export terms. My guess is the dollar recovers after a bit, at least say halfway. Remember, while we are easing, Japan will probably be easing more. (Not with interest rates; with BoJ checkbook printing yen for Japanese banks.) Probably both currencies stay down against the DMark though. Doug

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