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

To: kech who wrote (6428)	12/14/1997 1:35:00 PM
From: JMD	Read Replies (3) \| Respond to of 152472

Tom, I too was aware that the Q's CFO had made those statements but was concerned about posting since it was an "internal" meeting and it got passed on to me (was not there) so I didn't/don't know what the rules are on communicating that kind of info. Anyway now that it's out in the open . . . .it is my understanding that he said that Korea would put a dent in the Q's fender, no doubt about it, and further that the impact would be pretty immediate. HOWEVER, a dent is more than a scratch but a whole lot less than a car wreck. I think the analysts took that to mean a nickel or dime a share depending on their own interpretation, NOT THE CFO's. Since we blew through several billion in market cap last week, I would have to agree with you that the reaction was way out of proportion to the actual extent of the damage. The London Times article was very interesting. For the life of me I can't figure out why these guys would be playing games at this juncture. IMO, until the market has confidence that the sick patients are going to take their medicine, it will continue to be ugly out there. On the flip side, valuations in tech stocks have been so massively hit that evidence that SEA is going to play ball with the IMF could give us a floor, if not a little bounce. Whatcha think? Regards, Mike Doyle