Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The New Qualcomm - write what you like thread. -- Ignore unavailable to you. Want to Upgrade?

To: John Hayman who wrote (6262)	5/21/2003 8:14:44 PM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 12231

In a few words, on the basis of purchasing power parity, the dollar was somewhat overvalued against the Euro. This was also true of The Economist's "Big Mac" index, which tries to establish parity by comparing what Big Macs cost in various countries. The Big Mac index showed the dollar overvalued against many, but not all foreign currencies. However, despite what author Shostak claims, a lower valued dollar does make exports more competitive, and may also inhibit some import items where demand is elastic (we buy less if the price is too high). Now, for more important business, I've heard about an offer to buy QUALCOMM. No more details available at present. Art