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

To: Greg B. who wrote (7685)	1/28/1998 1:12:00 PM
From: zx	Read Replies (1) \| Respond to of 152472

hi Greg, if QCOM's report was mostly true, then QCOM is on the way up. the path may have a few curves but the path is up. either the shorts didn't read or didn't believe the earnings report. what a potential for a short squezee, BUT the studies have shown that the shorts are generally right. go QCOM, ag

To: Greg B. who wrote (7685)	1/28/1998 1:18:00 PM
From: JMD	Read Replies (1) \| Respond to of 152472

I think Ramsey's call on Quarter 1 earnings may be right on the erlang--check out Corning (GLW)--not selling fiber and cable in SEA--company estimates next quarter will take a 30% hit. Stock down 3+; however, CEO thinks 2nd half of calendar '98 will see recovery. I'm long GLW, so take it with a grain of salt, but this may be a stock that is a candidate for purchase based on SEA dip--check it out dudes. On another topic RE: SEA. Appreciate you folks warning that the Japanese do indeed take a bizarre amount of time to reach concensus, but then watch out when they do get their act together, cuz then they're a formidable bunch. I agree but am reminded of old saying: study long and play wrong (used to chide tardy bridge players). If the world is moving 1/2 as fast as I think it is, by the time the Japanese have figured out a game plan, the game will have changed. Also with regard to infamous lengths to which they will go to avoid losing face, I would humbly suggest that they should be more concerned with losing their posteriors. Their stock market is in the sub-basement, property values are maybe 1/4 of their '89 peak, and their citizens have watched the U.S. equivalent of the heads of Merrill Lynch, Goldman Sachs, and now Alan Greenspan get carted off to the hoosegow. How much more of a wake up call do they need? To avoid flames, I will repeat that I have one hell of a lot of respect for these guys, and know that they are indeed "formidable" (and smart as can be, technologically proficient, and manufacturers without equal in the world). But the achilles heel, IMO, is concensus decision/leadership formula that demands buckets of time--a commodity they are plumb out of. Here's hoping they smell the coffee at this juncture cause if they blow it, the economic impact on the U.S. will make zipper-gate look like a head cold. Mike Doyle