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

To: gdichaz who wrote (95929)	3/19/2001 10:28:23 PM
From: Jim Fleming	Respond to of 152472

You can be sure that the US money center banks have significant participations in the European Telco loans. It would be interesting (scary) to know Citibank's total exposure to the telco debt problem, foreign and domestic. Jim

To: gdichaz who wrote (95929)	3/19/2001 10:43:38 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 152472

So, your pov is that the telecom service companies (in U.S. and Japan) will, pretty much no matter what happens to the overall economy, be able to find financing, and continue current plans for spending on the 3G buildout? Is that right? I used to believe this pov. I remember, there were a couple of companies whose sales were supposed to be "recession-proof." No matter how bad the economy got, their products made companies so much more efficient, they were crucially necessary to business plans. Their customers couldn't do without these products, so spending would get cut elsewhere, or their customers would go into debt, but these two companies would make their sales numbers. Their profit stream was extremely reliable. Management said so, over and over, and investors believed them, so the stocks held up, as the Nas went down. And then, as it turns out, all spending is discretionary: siliconinvestor.com and siliconinvestor.com