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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 177.78

-2.2%

Jan 9 9:30 AM EST

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To: Andrew N. Cothran who wrote (16699)	10/17/1998 7:39:00 PM
From: Maurice Winn	Read Replies (1) of 152472

Long the pound? The UK farmers are moaning because New Zealand lamb is too cheap. They can't make a quid. Some boycotting of New Zealand lamb has recently been done, though not Tesco or Sainsbury who say they'll sell what customers want. But the point is, the pound is high and causing distress. New Zealand has let the NZ$ drop heavily from the high of US$0.72 to US$0.49, but now up to US$0.54 after the Alan Green$pan interest rate cuts. It seems that Japan, UK, USA, New Zealand and others will mutually expand their money supplies to ease the threat of recession. NZ has already done it some time ago. The USA and Japan are doing it. The UK won't hold out. There is no merit in holding out anyway. I suspect being long in most currencies is not that hot. I'll stick with long on QUALCOMM. And borrow your cheap money to do it. Thanks, Mqurice PS: On baseball and the QUALCOMM stadium. Who cares if they build another on Ramsey's money? It will take them years and by then it won't matter as the brand image of The Q, QUALCOMM, Mighty Q etc will be everywhere, right there in everyone's hand. Is there a Big Mac stadium somewhere? Compaq? IBM?

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