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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: John Hayman who wrote (38258)	8/19/1999 10:24:00 AM
From: GO*QCOM	Respond to of 152472

Maybe they should start paying the poor souls so they could by some of there own products.

To: John Hayman who wrote (38258)	8/19/1999 10:52:00 AM
From: Ramsey Su	Read Replies (1) \| Respond to of 152472

John, stratfor has been predicting doomsday since the beginning of time, more bearish than chicken little himself. Many of their points are valid, just that their predications are a little questionable. China is in very sad shape economically, so is Japan. Korea has done a lot of jawboning. All the "reforms" have resulted in the 5 big chaebols still running the country, and the non-performing loans higher today than last year. As I type Joe Battipaglia is mumbling his usual bullish BS on CNBC. Japan recovering, Europe doing great, no inflation ........ It is amazing people believe without trying to understand the substance behind those statements. Have said the above, nothing is going to happen in China this year (just my opinion). They are getting ready to celebrate their 50th year anniversary. Zhu survived a round of China's version of "vote of no confidence" during their summer, behind the scene, power struggle. The positive part being their decision to open friendly talks with the US again. Needless to say, this has major remification to our beloved QC and CDMA. They are once again trying to join the WTO, which gave the HK market a boost last night. Unfortunately, what China did not realize that with elections coming up here, neither the democrats nor the republicans are likely to be friendly toward China. The US has never been friends of communist China and had never hesitated to pound them on every opportunity. I doubted if China would find enough support from the US to join the WTO right now. I have not posted my chicken little Asian contagion II comments for a while but my opinion has not changed. Since most of the "experts" have been selling the idea that Asia is or has already recovered, the element of surprise is in place. Any of the countries, be it Japan, China,(HK also), Korea (n or s), Thailand ..... have the ability to trigger the contagion II. Sure is a sad day. Ramsey

To: John Hayman who wrote (38258)	8/19/1999 10:52:00 AM
From: Jeff Vayda	Respond to of 152472

John: from your post China is stuck in a crisis of overproduction and underconsumption. Consumer confidence has collapsed, and with it domestic demand. Meanwhile, despite generous tax subsidies on exports, China has been unable to export its way out of the crisis. Beijing is not done trying. According to an August 18 report by Xinhua, China's Eximbank will give priority in issuing credit to the export of new materials and new high technology, including machinery and equipment, consumer electronics, and textiles. The bank will reportedly ease its lending standards, loaning to large and medium-sized state-owned enterprises that are currently operating with "temporary losses," and contemplating offering no-guarantee loans to large conglomerates with good credit. Additionally, Xinhua quoted Eximbank president Yang Zilin as saying the bank would give priority to infrastructure projects and to central and western China in the distribution of loans from foreign governments. The Chinese government has stated it is dedicated to expanding "consumer electronics". Current Chinese telephone producers are GSM and cant handle CDMA. This puts the expansion of CDMA in China on the back burner if it is to rely on internal funds. How far they are willing to let outsiders pay for a competitive expansion of an infrastructure their internal producers can not benefit from? Not far. I would not think CDMA will be sweeping the country until general economic conditions improve. A rising tide will lift all boats, but until then, the Chinese government will pay attention to the Chinese boats that are stuck in the mud. Jeff Vayda

To: John Hayman who wrote (38258)	8/19/1999 7:42:00 PM
From: JGoren	Respond to of 152472

Except for the possible affect on spending as consumers feel less confidence, I don't see much impact on the Q. First of all, it's not doing anything in China currently. Second, wireless is not a luxury consumer good but an infrastructure buildout that generates economic growth and makes possible a more advanced economy and economic growth. Generally, one proceeds to build out the infrastructure and let the consumer buy the handsets/other user equipment that generates the operating revenue to spur further buildout. That is, you don't cease building highways.