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

To: waitwatchwander who wrote (6244)	12/12/1997 12:12:00 PM
From: Jim Lurgio	Read Replies (1) \| Respond to of 152472

NEW YORK, Dec 12 (Reuters) - Schroder & Co said it downgraded Qualcomm Inc <QCOM.O> to "perform in line" from outperform. Schroder trimmed the fiscal 1998 earnings estimate to $2.04 a share from $2.30 a share, said associate Stephan Kim. Kim said Schroder expects Qualcomm to see lower royalty and licensing fees from Korean manufacturers due to the severe drop in the South Korean won. said Korea is the largest market for Code Division Multiple Access (CDMA) technology developed by Qualcomm. Korean telephone manufacturers pay Qualcomm royalty payments when its CDMA technology is used. said the royalty payments are not a big percentage of Qualcomm's total revenues, but a drop in payments would fall directly to the bottom line. Qualcomm, one of the most active Nasdaq issues, lost 2-3/4 to 56-5/8 in Friday morning trading. 11:32 12-12-97

To: waitwatchwander who wrote (6244)	12/12/1997 12:12:00 PM
From: Joe NYC	Respond to of 152472

It looks like we are making a new day low at 54 1/2 Joe

To: waitwatchwander who wrote (6244)	12/12/1997 12:13:00 PM
From: dougjn	Respond to of 152472

Doug / "Long term strong bull"? Absolutely. I just don't believe in holding stock that I am virtually certain is going down. I sold in mid 60s. Will repurchase when Korean meltdown if fully in the markets. I am virtually certain Korea will default. Do you think that's in the fully in the market? Have you seen anyone go public on the impact of Korea on Qcom? Basically, I'm waiting for korea to implode. As in default on its foreign debt. Its just around the corner. All the signs are there. Its clear that the gov't is totally mismanaging relations w/Rubin, US and prob. also Japan. They are paralized by domestic politics. I almost think they want to default at this point, to get them off the hook of voluntarily doing hard stuff. Check this out (South China Morning Post, published in Hong Kong, is probably the most respected english language newspaper based in East Asia.) scmp.com.