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

To: Jim Willie CB who wrote (121793)	7/19/2002 1:45:29 PM
From: carranza2	Read Replies (1) \| Respond to of 152472

Surely gets quiet around here when the market tanks, though Q seems to be showing a bit of strength.

To: Jim Willie CB who wrote (121793)	7/19/2002 3:35:44 PM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 152472

Foreign money could lose value if invested in dollar assets. This means withdrawal of foreign funds from both stocks and bonds, particularly Treasuries. The outflow is one of the causes of the weak market performance over the past couple of months. But as others have noted, U.S. companies with significant foreign sales, or with assets in foreign countries could benefit. The question is whether QUALCOMM, which definitely benefits from a lower value dollar, will see much improvement in its stock price in view of the outflows of funds from the markets. A partial answer is that there will be a long term benefit to stocks like QCOM, but in the short term, it's hard to see anything doing extremely well. I'd say QCOM is positioned to be a long term outperformer, compared with the rest of the market, and especially the rest of the telecom sector. An investor will have to decide whether this is the best place to put what remains of his/her funds, or whether some alternative investments (real estate, Asian stocks, etc.) might do better. Certainly it's easier to rely on the generally top quality management at QCOM to look out for investors. Art