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

To: SKIP PAUL who wrote (96543)	3/31/2001 3:50:12 PM
From: Jacob Snyder	Respond to of 152472

re: "If a business opportunity exists it will attract capital" The credit markets, just like the equity markets, are bipolar. They swing back and forth, between making credit too easy, and making it too tight. In the 1995-2000 period, we were in "too easy" mode. It was easy for good telecom ideas, and bad telecom ideas, to get funding. The capital markets did not discriminate. Now, we are moving into a period of being "too tight". In that environment, both bad and good telecom ideas will find it hard to raise funding. The capital markets still will not dicriminate. You can find this pattern, of indiscriminately throwing money at anything, alternating with shutting of all credit to everyone, in lots of buildouts, like the railroad buildout in the U.S. in the 19th Century.