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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 172.98

+1.1%

Jan 2 9:30 AM EST

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To: Andrew N. Cothran who wrote (16635)	10/16/1998 4:02:00 PM
From: Maurice Winn	Read Replies (1) of 152472

Andrew, the Japanese bubble burst around 38,000, and it is now around 13,000 with a pretty low P:E to boot. But we also need to put the Yen/$ exchange rate on top of that to get a more accurate picture. Any way you measure it, the people who bought at 38,000 have lost their shirts. But mid 1980s, the Yen was 250 to the dollar if I remember rightly. Do you know where it was in 1989 pre crash? It got to 80 Yen to the $ a couple of years ago before the Japanese and USA decided to crunch some money dealers. The Fed and Yen printers can hand your soul to you in a jar if you are not careful or lucky. Renby is not walking on stockmarket water - the Butterfly in Russia landed on his head. Alan Green$pan has got a LOT of ammunition. He tossed a pebble in the pond and it caused a tsunami. I was surprised how big the wave was. Don't fight the Fed! They will tell YOU what the money is worth. Appreciate any url to a graph of yen or something like that, or at least a 1989 yen rate if you know it. Thanks, Mqurice

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