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

To: Ramsey Su who wrote (7418)	1/22/1998 12:42:00 PM
From: JMD	Read Replies (2) \| Respond to of 152472

Ramsey, your reminder that SEA ain't going away anytime soon is well taken. As you know, I tried to sweep that 'little' problem under the rug a few months back and then promptly watched my portfolio become a candidate for CPR. In all honesty I just don't know how to play it. Simplistically, one might wish that the Q and others will just rush off and "wire" up Europe and South America while those pesky old Asians stumble and bumble and then return once they've got their act together. Even I can't be sanguine about that prospect however--it does not appear likely that one can put 60% of the world's population on hold. So what's a tech stock nut to do? My tummy tells me that these guys (SEA) know that teledensity is directly related to economic prosperity and that they will damn well stop building DRAM fab plants but won't cut telecom infrastructure. But if they go in the tank, they won't have the dough to buy squat diddely (technical term) so I have to believe growth will be restrained for at least another year as this thing works itself out. Again however, you're right to keep waving the caution flag. I absolutely agree. But where do you run and hide? I'd have to be well into the Ripple to sell the Q and buy U.S. Treasuries though I suspect a good case can be made for that. Share your thoughts, I'm all ears. Mike Doyle