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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 159.59-3.9%Nov 20 3:59 PM EST

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To: marginmike who wrote (16433)10/14/1998 6:36:00 PM
From: lazarre  Read Replies (1) of 152472
 
Margin,
*****OT*******
Sorry, just one more rant.

Today, Pisani discussing Mirage Resort's new casino about to debut in Vegas. Twice in the 3 minute report he actually says, and I paraphrase: with a worldwide recession, how can Mirage hope to blah blah blah.

Worldwide Recession?? Huh?

Lest I be accused of wearing those rose tinteds---I have no doubt we are slowing down. And a large number of companies will be negatively impacted. But to proclaim 1% to 2% growth here and in Europe recessionary is irresponsible.

Whats even more mind bogglng listening to this blather is that, at worst, this earnings season a mixed one with some unexpected surprises ( Intel, Ford, Apple ( huh? ), Novellus ( double huh!) and Altera.

L
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