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

To: Shi who wrote (7667)	1/28/1998 3:31:00 AM
From: brian h	Respond to of 152472

Shi, ***On Topic<ggg> *****More SEA/ China ranting Regarding China. I think I am with my mentor - Ramsey here. Here is his last comments about China: "In conclusion, my current opinion is that China will not be "the other shoe" to rock the world. The biggest danger I see from China is the expectation of such high growth opportunities that may not materialize in the immediate future." Besides other political reasons such as retaliating US for helping Taiwan into WTO, etc., I will say China dollar will not devalue its own currency. Lose face as an Asia power house. Not even think about it. Plus, devalue its own currency will only make things even worse. Not only for China, but to Asia in general and the rest of the world. Too many chips at stake here. That is the reason US high ranking officers and IMF officers had traveled to China to assess and evaluate the conditions there a while back. They got the guarantee from Mr. Chu (vice premier) for not devalue China's currency. Yes. The condition there are so bad that the central government is holding a special session to deal with the possible crisis. The central government has to contain its economic growth rate down (it means less competition to other Asia countries) to lessen its own problems and other Asia countries problems. Remember being a leader in Asia is not an easy task. Looking at Japan is the best case here. Japanese will kill themself rather than loseing face in any circumstance. And some of you guys are wondering about why Japan is not able to solve its own problems just yet. Nationalism plays a major role under the current Asia crisis. Unless it is so bad like the heavy debted countries such as Korea, Indonesia, etc. Even in this crisis, those countries governments and businessmen will not sell off their beloved industries - oil field for Indonesia, CDMA telecommunication industries and DRAM businesses in Korea. No way at all for IMF or US to control any of them. That is the major opportunities shown here. Do your own research and pick the right companies. You will enjoy at even better return than QCOM here. However, what is the risk/return ratio you are looking for? Overall, I am still very positive about the opportunities presented in Asia right now. (Worry about riots on the street in Asia? That is what soldiers for in this circumstance. Sorry to tell you human right advocates here, if any) And I am doing my home work. As for QCOM, magin improvement (as Skip Paul indicated) is the key not royality issue here. If QCOM's business plan is just playing a nimble niche player like TLAB and DIGI, QCOM's management might as well retire as of now instead of expanding continously. Yes, it is scary to see a company growing this fast and not making as much money as yet. QCOM stirs so much waves in the telecommunication industries. That is fun and scary for missing a quarter result. It is just a part of investment game. I think. My 2 cents Good luck to all Brian H.