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

To: Boplicity who wrote (48640)	11/9/1999 8:33:00 AM
From: The Reaper	Read Replies (1) \| Respond to of 152472

Instinet: 1000 bid 299 700 ask 300 1/2 I guess today's the day. kirby

To: Boplicity who wrote (48640)	11/9/1999 11:22:00 AM
From: 16yearcycle	Respond to of 152472

Honestly, I think the problem is that he has evolved BRK into a huge insurer, and I mean huge, and he is concentrating on expanding that business. I would guess that BRK will become the largest insurer of auto, home, and reinsurance in the world within 2/3 years. As such, he really needs to be conservative and sees that if he took a mutibillion dollar stake in any tech company, he could be selling within a year or two if things changed. Instead he waits for a drop and as weird as it seems, he will wait for as long as it takes and suffer 10% returns if he has to. Eventually, BRK is going to be sitting on 100-250 billion and he will scoop up things cheaply on the drop and have another 10 year+ run of absurd returns. He better stay very healthy. Having said all that, I am a BRK holder and think he has made a mistake. He should have, imo, brought someone in who was a tech stock fund manager, gave him 10-15% of the portfolio, and had him manage it. As long as it was pretty diversified, it would have been fine no matter what. Huge returns now, poorer returns in the days of reckoning the Warren waits and waits and waits for. Would it really have been so tough to buy Q last year at 4 billion with a 4 pe?

To: Boplicity who wrote (48640)	11/9/1999 2:32:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 152472

he knows what is happening in the economy. he knows that nothing is happening that warrants absurd valuations. let's take msft as an example. they are growing eps at about the SLOWEST rate they ever have, yet their stock valuation is about as high as it has ever been. let's see, slower growth = higher valuation. can anybody say "too much money is dumb money?" wher eis the dough coming from? debt. why debt? greed.