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

To: SKIP PAUL who wrote (6143)	12/11/1997 10:16:00 AM
From: llwk7051@aol.com	Read Replies (1) \| Respond to of 152472

Korean exposure seems huge to me. The Lehman research report earlier this month indicates Qcom gets 25% of its revenue from Asia. 90% of that was estimated from Korea. The current increase in financial problems and the huge drop in currency values has to have a negative impact on the current year. I am no longer looking for an earnings supprise for this quarter, but am very concerned about a shortfall. I would appreciate anyone's comments who read their Dec. 2, 1997 report or who might have other insights. For background information, I have a client who does business in Japan. He recently requested that a shipment be made using a Korean Airline company. The shipper refused stating they were concerned if the Airline company would be in business and would only ship on another non Korean carrier even though the buyer would have to wait longer. He also has an associate in Korea who owns a small company. The associate has indicated he is now facing bankrupcy. This is because his customer can no longer pay. The reason his customer can no longer pay is because its larger customer declared bankrupcy. This is sounds a lot like the Texas bankrupcy filings in the oil, real estate and banking industries in the 1980s. When all was finished in Texas all ten major banks had changed hands and only one wasn't taken over by the fdic. All growth in the economy in Texas disappeared for a number of years as banks quit lending for commercial prospects. Robert D.