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

To: Ramsey Su who wrote (6992)	1/10/1998 7:24:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

"What is the opposite of irrational exuberance? 20%, 30% or more gap downs are normal these days." I suppose the opposite is paranoia or irrational fear? Anyway, $70 down to $46 is a 34% drop. I'm happy to think that decent sized drops are more than that. But those who paid $72 will not be feeling irrational exuberance. Probably the opposite. In the face of triple digit growth, P:E looking good, profits growing and no factors looking bad for Qualcomm, Korea's reorganisation notwithstanding which I don't see as a bad thing for Qualcomm - not substantial anyway, it is hard to worry about their prospects. The tide has carried Qualcomm along with everything else. How far out will the tide go? The opposite of irrational exuberance is: Share Price Falls Margin Calls Interest rate rises Currency inflation Profit declines Bankruptcies Market clearing costs Trade restrictions Rationing State control War Famine Death I guess on that list there is a long way to go yet before we could be sure share prices have bottomed out for Qualcomm. Assuming governments don't step in as they did in the early 1930s and cause the last 6 items to happen, then things should even out soon. Assuming governments won't wreck things is contrary to history, so not necessarily a good bet. Janet Reno is off to a good start. Probably she has caused it all with the attack on Bill G. Okay, enough off/on topic for me. Bye. Maurice

To: Ramsey Su who wrote (6992)	1/10/1998 11:38:00 PM
From: pass pass	Read Replies (2) \| Respond to of 152472

How will the Asian flu affect America? Deflation. A Japanese car that used to cost $20,000 to make now only costs $17,000. This forces American auto-makers to lower their prices too. But our companies can't get any leaner. So people will be laid-off. Without a good job, who can afford a CDMA phone?

To: Ramsey Su who wrote (6992)	1/11/1998 2:02:00 PM
From: brian h	Read Replies (1) \| Respond to of 152472

Ramsey, All the examples you show everyone in this thread just just show how scare you are like those investors (chicken) you mentioned. You may be one of them. So, you should be honorably exiting QCOM as you point out you want. You will be missed from this thread of your contribution to this thread. However, you are no QCOM lover that is for sure. As you have said it before. You are in this for profit. You got it now. I will gladly pick up you sahres in the open market at a great discount while selling my other holdings to get more QCOM. Now, you mentioned Oracle and Adptec as examples. Sure, they plunged just like other techs stocks. How about T, MSFT, YHOO, IBM, and TLAB. They maintain their shares prices while with a huge international presence. It is all confidence from shareholders thinking. If you do not have a stomach to swallow this stronge volatility, you may want to get out here and join those people buying local phone companies, utilities companies, or Safeway stocks. These companies share prices are almost all at their all time high or close to it and paying dividends. Or Just wait for your chances to get in QCOM at $30's but leave us alone about China and Asia flu problems. Best regards, Brian H.