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Technology Stocks : CDMA, Qualcomm, [Hong Kong, Korea, LA] THE MARKET TEST!
QCOM 175.25+0.6%Dec 19 9:30 AM EST

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To: Maurice Winn who wrote (1496)1/15/1997 9:22:00 PM
From: Jim Lurgio   of 1819
 
Maurice you said:
George Schmitt is disingenuous or stupid. How the hell do you get that kind of money? You show investors your business plan and wait for them to throw money at you in the expectation of big profits.

700,000 plus per day should scare the living shit out of anyone execept a sheep farmer. Years ago I was on the road listening to a radio show. The guy said if you have 1 billion in the bank at current interest rates you would earn 87, 000 a day. This company will start up have nothing but the cash you and others are willing to invest. Business plan ? What CEO could talk to investors and say throw me some money and don't worry we currently are paying 700,000 a day interest and we are not yet in the market . We are going to use a technology that several big companys are using already but we can compete. It scares me and I would wait and watch.
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