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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here -- Ignore unavailable to you. Want to Upgrade?

To: nghi vu who wrote (10682)	3/13/2001 11:18:21 AM
From: Maurice Winn	Respond to of 12823

<" a recession, people will go right on using cellphones and will buy and use them even more as they try to earn money instead of flopping around a beach">....<last i check, McDonalds and Wendys don't allow workers to chat on cell phone so I don't know where you get the basis for this statement.> I know you are kidding, but in case anyone wonders, Korea allegedly disappeared from the world's map in the great Asian Contagion of 1998 when Alan Green$pan came to the world's rescue. Their tourists stayed home [the number of Korean visitors to New Zealand dropped by about 95%]. Their businesses sold off assets to try to survive. They pulled out of things like Globalstar. The stock market was down 80% or so. But despite the enormous economic dislocation, CDMA cellphone sales and usage roared ahead unabated. Before people realized that sales were just fine, QUALCOMM shares were pounded way down because people thought QUALCOMM's exposure to Korea was a bad thing. What they should have learned is that QUALCOMM is the safe haven when financial worlds collapse. Gold is a 19th century joke! You can't eat gold or do anything with it - you can't even use it as money these days because people use electronic transactions, not baubles out of an old sock. Providing the means to talk and use the internet is the new gold standard. QUALCOMM is the single company sitting at the centre of that for the mobile world, which is what people live in. Mqurice PS: People should understand that Alan Green$pan is playing a bigger game than keeping the USA economy stable. He's aiming at the world's economy on which the USA depends. So, because the world is coming over all faint, I expect we'll see continuing interest rate cuts even though the USA economy isn't a basket case and in fact is doing reasonably well. The USA is like ancient Rome. Any particular region of the far-flung empire is trivial, but the whole lot combined supports the centre of the empire. QUALCOMM would do okay in a worldwide mess, but most other USA companies wouldn't.