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.

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

To: Muizz M. Kheraj who wrote (6095)	12/10/1997 12:07:00 PM
From: John Hayman	Read Replies (1) \| Respond to of 152472

Muizz, Market in general not too good. I added a few shares today at 62 1/4. I hate to buy when it is going down, but that cash was burning a hole in my pocket!! John

To: Muizz M. Kheraj who wrote (6095)	12/10/1997 12:14:00 PM
From: PAL	Respond to of 152472

Most tech stocks are suffering. Equipment makers are taking a hit. The view is that wireless communication growth is in Asia, and those countries keep sneezing. There is big disparity in the Asian society between the rich and the poor. The very rich can be seen gambling their money in Las Vegas and Monte Carlo. Then the poor earn substandard wages making Nike shoes and the shirts you are wearing. Then there is the middle class. All this turmoil in Asia does not affect the poor since they are not the buyer of luxury items. As long as they have enough to eat at the end of the day, and have warm companion at night they are happier than Bill Gates winning the Justice Department's suit. The very rich will complain that their networth have been down so many million dollars. But they will not stop buying wireless phones because it is the necessities for their business. So market for wireles in this segment is not affected. The question is now the middle class wannabees. Cellular phone is a status symbol in Asia. Look how many people in Hong Kong, Jakarta, Bangkok carry those phones and talking while walking around downtown. So, if this trend continues, it should matter much for equipment companies selling in Asia. As for installing WLL. Wireless communication is essential for Asian countries, just like other infrastructures. IMF bailout will not demand the discountinuation of projects involving communications. Only non-essential projects would be scrapped, like that bridge between Indonesia and Malaysia. QCOM should thus be less affected. But then, if Wall Street needs to find an excuse for pushing the stocks down so that it can cover the short, Wall Street will find it. Paul.