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: Jim Lurgio who wrote (6406)	12/14/1997 11:05:00 AM
From: Ramsey Su	Read Replies (1) \| Respond to of 152472

Jim, don't really know the answer but I suspect that the credit worthiness of Korean Banks should not be QCOM's biggest concern. The problem with these bail outs in Korea and Japan is their multi-staged discovery and disclosure process. Just like the the RTC/S&L days, first it was $20 billion, then $40 billion, then $137 billion...... If you want to quantify the REAL problem in Korea, here is the formula: Take what IMF claims and divided that by what Korea's finance minister claims and multiply that by Rubin's age and add the numbers of banks in Korea while summing the square root of the average age of sheep in New Zealand, or, simply multiply whatever THEY say by at 4. Ramsey